Question

1. Five years ago, Julianne purchased stock for $9,433. Yesterday, she sold the stock for $10,219. What was her gross capital gain?

Answer 1

Alright, lets get started.

Julianne purchased stock for $9,433.

Means the base cost is = $ 9433

Yesterday, she sold the stock for $10,219.

Means gross sale price = $ 10219

Gross caiptal gain =
`sale price - cost`

Gross capital gain =
`10219 - 9433`

Gross capital gain = $ 786

Hence her capital gain was $ 786. : Answer

Hope it will help :)