SOLUTION: Clarissa's income put her in the bottom tax bracket (10%) last year. During te same year she earned $250 in dividends and $75 in coupons on a government bond. In February she purch

Question 1115688: Clarissa's income put her in the bottom tax bracket (10%) last year. During te same year she earned $250 in dividends and $75 in coupons on a government bond. In February she purchased a common stock for $425. She sold the same stock eight months later for $600. What is the total Clarissa will pay in taxes on last year investments?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
last year, she earned:

250 in dividends.
75 in coupons.
profit of 600 - 425 = 175 from her stock investment.

her total income is 250 + 75 + 175 = 500.

if all of this is taxed at 10%, then her tax will be 500 * .1 = 50.

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