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Joey used money he received as a gift for high school graduation to purchase $5,000 worth of shares of stock. After he graduated from college, he needed money to buy a car, so he sold the stock for $2,
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Joey used money he received as a gift for high school graduation to purchase $5,000 worth of shares of stock. After he graduated from college, he needed money to buy a car, so he sold the stock for $2,933. What was his capital gain or loss?

User AtErik
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1 Answer

5 votes

Answer:

He ended up losing $2,067

Explanation:

User Matt Campbell
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