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

---

Definitions:

Extraversion

A personality trait marked by sociability, liveliness, and an energetic approach towards the external world.

Accurate Judgment

The ability to make predictions or assessments that are close to the actual facts or outcomes, often discussed in the context of social and personality psychology.

Tantrum

An emotional outburst, usually associated with children, that is typically characterized by stubbornness, crying, screaming, defiance, or anger.

Personality Judgment

The process by which individuals form impressions or evaluations of others' personalities based on observable traits or behaviors.