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Category > Business & Finance Posted 23 May 2017 My Price 5.00

Tax Consequences

 Katie paid $9,400 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.5%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,700. What are her total tax consequences if she is in a 25% marginal tax bracket?

Answers

Alpha Geek
(8)
Status NEW Posted 23 May 2017 10:05 AM My Price 5.00

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file 1495535994-Answer.docx preview (103 words )
T-----------ax -----------Con-----------seq-----------uen-----------ces-----------. K-----------ati-----------e p-----------aid----------- $9-----------,40-----------0 f-----------or -----------a G-----------inn-----------ie -----------Mae----------- bo-----------nd -----------wit-----------h a----------- pa-----------r v-----------alu-----------e o-----------f $-----------10,-----------000----------- an-----------d a----------- co-----------upo-----------n r-----------ate----------- of----------- 6.-----------5%.----------- Tw-----------o y-----------ear-----------s l-----------ate-----------r, -----------aft-----------er -----------hav-----------ing----------- re-----------cei-----------ved----------- th-----------e a-----------nnu-----------al -----------int-----------ere-----------st -----------pay-----------men-----------ts -----------on -----------the----------- bo-----------nd,----------- Ka-----------tie----------- so-----------ld -----------the----------- bo-----------nd -----------for----------- $9-----------,70-----------0. -----------Wha-----------t a-----------re -----------her----------- to-----------tal----------- ta-----------x c-----------ons-----------equ-----------enc-----------es -----------if -----------she----------- is----------- in----------- a -----------25%----------- ma-----------rgi-----------nal----------- ta-----------x b-----------rac-----------ket-----------? -----------Ans-----------wer-----------: ----------- Va-----------lue-----------s t-----------or -----------sub-----------sti-----------tut-----------ion-----------: P-----------ric-----------e o-----------f b-----------ond----------- at----------- pu-----------rch-----------ase----------- =$----------- 94-----------00 -----------Pri-----------ce -----------of -----------bon-----------d a-----------t s-----------ale----------- = -----------$97-----------00 -----------Cou-----------pon----------- ra-----------te -----------= 6-----------.5%----------- Fa-----------ce -----------val-----------ue
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