John bought 1,200 shares of intel stock on october 18, 2015, for $34 per share plus a $750 commission he paid to his broker. on december 12, 2019, he sells the shares for $48.50 per share. he also incurs a $1,000 fee for this transaction. problem 7-41 part-a a. what is john’s adjusted basis in the 1,200 shares of intel stock?

$41,550

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

John's basis = (1,200 shares x $34 per share) + $750 in sales commission

John's basis = $40,800 + $750 = $41,550

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

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