Dana pays 15% in dividend and capital gain taxes and 35% in ordinary income taxes....
50.1K
Verified Solution
Link Copied!
Question
Finance
Dana pays 15% in dividend and capital gain taxes and 35% in ordinary income taxes. Three years ago, Dana purchased 200 shares in a REIT for $36 a share. This year, Dana received $371 in short-term gains, $299 in long-term gains, and $414 in ordinary income of which $177 is in excess of net income. What is
Dana's after-tax cash flow from this investment this year?
Round the answer to two decimals.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!