Respuesta :
Sales proceeds are 6800
When a put is exercised, the holder sells stock at the strike price (75).
However, the tax rules require that, if exercised, the cost basis of stock purchased or sales proceeds of stock sold, is adjusted to the breakeven point of the option.
For puts, breakeven is the strike price minus premium (75 − 7 = 68).
A tax with a higher proportion of income coming from low-income earners than from high-income earners.
Taxes are mandatory contributions collected by government agencies (whether local, regional, or national) from individuals or businesses. Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
Examples include general and selective sales taxes, value added taxes (VAT), taxes on any aspect of manufacturing or production, taxes on legal transactions, customs duties or import taxes.
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