Mark purchases 45 shares of stock in Coca Cola for a $40.31 per share on December 1, 2016. On October 31, 2021, he sells all 45 shares for a price of $48.75 per share. On Mark's income tax return, he will report
$48.75 as ordinary income
$2,193.75 as ordinary income
$8.44 as capital gains
$1,813.95 as capital gains
$2,193.75 as capital gains
$48.75 as capital gains
$379.80 as ordinary income
$40.31 as ordinary income
$40.31 as capital gains
$1,813.95 as ordinary income
$379.80 as capital gains
$8.44 as ordinary income