Business, 09.01.2021 04:00 34267

Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in the company through a broker. Now he has decided to sell his stock. The value of his stock is now at $17,000. Here are the taxes and fees associated with his investment: Annual brokerage fee: $25 State tax: 5% of profit Federal tax: 25% of profit Inflation rate: 1% per year The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is ___. The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is . Please explain!

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Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in...

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