Cecelia brought a stock five years ago for $3,400. She sold it this year for $4,100. How much capital gain will she be required to pay taxes on?

Given:

Purchasing price of stock = $3400

Selling price of stock = $4100

To find:

The capital gain.

Solution:

We know that, assets increase their values with respect to time and capital gain is the profit earned on sale of those assets.

Capital gain = Selling price - Purchasing price

                    = $4100 - $3400

                    = $700

Therefore, the capital gain is $700.

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1/4 and 8/3 because:

the reciprocal if 4 is 1/4 because 4 is used as 4/1 and the opposite of that is 1/4. the opposite of 3/8 is 8/3 so that is the answer.