Sue has 5,000 shares of sony stock that have an adjusted basis of $27,500. she sold the 5,000 shares of stock for cash of $10,000, and she also received a piece of land as part of the proceeds. the land was valued at $20,000 and had an adjusted basis to the buyer of $12,000.what is sue's gain or loss on the sale of 5,000 shares of sony stock?

Sue gained $ 2500 on the sales of 5000 shares of sony stock.

Explanation:

amount on sales of shares = $ 10000 + $ 20000

                                            = $ 30000

amount adjusted basis on shares = $ 27500

gain or loss on the sales of shares = amount on sales of shares - amound adjusted basis on shares

                                                          = $ 30000 - $ 27500

                                                          = $ 2500

Therefore, Sue gained $ 2500 on the sales of 5000 shares of sony stock.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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