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Stefanie🍅 · 2021年02月18日

Mutual Fund Tax解题思路不太明白

  1. FRM I
  2. Financial Markets And Products

NO.PZ2020011901000054

问题如下：

An investor buys 100 shares in an open-end mutual fund on January 1 of a year for USD 30. The fund earns dividends of USD 1 per share in the first year and USD 2 per share in the second year. These dividends are reinvested by the fund. The capital gains in the first year are USD 3, and the capital gains in the second year are USD 4. The investor sells the shares for USD 43 in the third year. Explain how the investor is taxed.

解释：

The investor will pay tax on the investment income from dividends of USD 100 in the first year and on USD 200 in the second year. The investor will also pay tax on capital gains of USD 300 in the first year and USD 400 in the second year. The investor’s basis at the start of the third year will be USD 40 per share (= 30 + 1 + 2 + 3 + 4) or USD 4,000 in total. The shares are sold for USD 4,300. Tax is therefore payable on USD 300 in the third year.

这道题题干没有提及怎么算tax，为什么到了第三点就直接用盈利的4000块减去卖掉的4300，说tax就是$300呢？
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2 个答案

小刘_品职助教 · 2021年03月28日

同学你好，

这题题干里描述了这个，但是并没有给足够的条件来算出这部分分红再投资的收益是多少，从题目解答来看，也没有考虑这一部分。如果考试时遇到这类题，严谨的话是应该包括分红再投资的。

小刘_品职助教 · 2021年02月22日

同学你好，

久等了~ 最近后台答疑在更新，不小心遗漏了您的提问，抱歉~

这道题是在问tax怎么收，而不是问tax具体是多少。

在第一年收到分红和capital gain的时候是需要交税，第二年也是如此。

所以在第3年卖出的时候交税税基部分应该把这部分扣掉，对于每一份来说，第3年的成本就是

30+1（第一年分红）+3（第一年 CG）+2（第二年分红）+4（第二年 CG）=40

所以在最后卖出的时候实际缴税的数量应该是 （43-40）*100=300

如果题目告诉税率了，再乘以税率得到最后税的具体值


🌊 梅根 · 2021年03月28日

These dividends are reinvested by the fund 这句是否说明，数量不止100呢？

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2024-09-19 22:55 1 · 回答

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2024-09-15 15:17 1 · 回答

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2023-04-07 03:12 1 · 回答

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