On December 1, 20X7, George Jimenez needed a little extra cash for the upcoming holiday season, and sold 250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction. Prior to the sale, George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase): (Do not round intermediate calculations.)
If his goal is to minimize his current capital gain, how much capital gain will George report from the sale?
Definitions:
Hormones
Chemical messengers secreted by glands in the body that regulate physiology and behavior, including growth, metabolism, and reproductive processes.
Bloodstream
The flowing blood within the circulatory system of the body, carrying oxygen, nutrients, and waste products to and from the cells.
Synaptic Gaps
The tiny space between neurons across which neurotransmitters travel to transmit signals from one neuron to another.
Limbic System
Neural system (including the hippocampus, amygdala, and hypothalamus) located below the cerebral hemispheres; associated with emotions and drives.
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