Brianna Purchases Stock for $8,000

question 55

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 39.6% 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:

Prefrontal Cortex

refers to the front part of the frontal lobe of the brain, which is involved in complex cognitive behavior, personality expression, decision making, and moderating social behavior.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions (such as fear and pleasure) and drives (such as those for food and sex).

Motor Cortex

A brain region responsible for the planning, control, and execution of voluntary movements.

Circadian Rhythm

Refers to the natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.