Brianna Purchases Stock for $8,000

question 575

Essay

Brianna purchases stock for $8,000. The stock appreciates (grows) at a 6% rate before taxes. Brianna sells the stock ten years later for $14,327. Brianna has a 37% marginal tax rate, but the stock sale is a LTCG taxed at 20%. Ignore the 3.8% Medicare surtax on net investment income. What are Brianna's after- tax proceeds?

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Definitions:

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