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):
$$\begin{array} { l c c c }
\text { Acquisition Date } & \text { Nurber of Bhares } & \text { Market Prce Wher Acquired } & \text { Broker's Fee } \
1 / 1 \times 4 & 300 & \$ 35 \text { per share } & \$ 250 \
\text { s/30/X6 } & 300 & \$ 45 \text { per share } & \$ 250
\end{array}$$ If his goal is to minimize his current capital gain,how much capital gain will George report from the sale?

Question

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):
 $$\begin{array} { l c c c } 
\text { Acquisition Date } & \text { Nurber of Bhares } & \text { Market Prce Wher Acquired } & \text { Broker's Fee } \
1 / 1 \times 4 & 300 & \$ 35 \text { per share } & \$ 250 \
\text { s/30/X6 } & 300 & \$ 45 \text { per share } & \$ 250
\end{array}$$ If his goal is to minimize his current capital gain,how much capital gain will George report from the sale?

Quizplus · Accepted Answer

The Answer of 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):
 $$\begin{array} { l c c c } 
\text { Acquisition Date } & \text { Nurber of Bhares } & \text { Market Prce Wher Acquired } & \text { Broker's Fee } \
1 / 1 \times 4 & 300 & \$ 35 \text { per share } & \$ 250 \
\text { s/30/X6 } & 300 & \$ 45 \text { per share } & \$ 250
\end{array}$$ If his goal is to minimize his current capital gain,how much capital gain will George report from the sale?

On December 1,20X7,George Jimenez Needed a Little Extra Cash for the Upcoming