Multiple Choice
Casimir purchased one share of Norcet stock for $100 in year 1 and sold that share in year 2 for $200. The inflation rate between year 1 and year 2 was 50 percent. If the capital gains tax is imposed at a rate of 50 percent, what is Casimir's after-tax real capital gain?
A) $0
B) $50
C) $100
D) $200
Correct Answer:
Verified
Correct Answer:
Verified
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