4. Sharlene purchases 280 shares of SJS Corporation common stock at ₱6,400 per share. A few months later, she sells the shares at ₱7,000. Her stockbroker charges 4.9% commission on round lots and 5.6% on odd lots. Calculate the following: a. Total cost b. Proceeds c. Gain or loss on the transaction

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 80IIP
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4. Sharlene purchases 280 shares of SJS Corporation common stock at ₱6,400 per share. A few months later, she sells the shares at ₱7,000. Her stockbroker charges 4.9% commission on round lots and 5.6% on odd lots. Calculate the following: a. Total cost b. Proceeds c. Gain or loss on the transaction
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