On October 30, 2019, Tess bought 500 shares of ACTS stock for ₱ 640.00 per share. On November 15, 2020, ACTS paid a ₱ 620.00 dividend per share, and on January 15, 2021, she sold the stock for ₱ 677.80 per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?

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A: loss is $ 4,000basis for new shares is 90,000

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Q: On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15,…

A: The gain or loss on the investment can be computed by finding the difference between sales price…

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A: Taxes due refers to the taxed owed to the government on the taxable events.

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A: Net Gain is the difference between selling price and cost. Similarly, net loss is the difference…

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A: In wash sale, no loss is recognized at the time of the sale.

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A: To Find: Aritmatic return Geometric return Money weighted return

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A: Capital gain is the gain arise from sell of stock.

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A: An investor can gain on assets when the current price of the asset exceeds the purchase price. This…

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Q: On December 28, 2020, Kramer sells 150 shares of Lavender, Inc. stock for $77,000. On January 10,…

A: Please see the next step for the solution

Q: On December 28, 2020, Kramer sells 150 shares of Lavender, Inc. stock for $77,000. On January 10,…

A: Recognized Gain or loss:- It is the profit one makes from selling an asset if the sale value is more…

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.