At the Beginning of the Year,Calvin Paid $5,000 for 60

question 34

Multiple Choice

At the beginning of the year,Calvin paid $5,000 for 60 shares of Eddington stock.In June,he received a $300 cash distribution with respect to the stock.His Form 1099-DIV reported that $170 was an ordinary dividend and $130 was nontaxable.Compute Calvin's tax basis in his 60 shares at year-end.

• A)$4,870
• B)$4,700
• C)$4,830
• D)$5,000

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