Solved

If You Purchased Shares of Common Stock in 1990 for $1,000

Question 133

Multiple Choice

If you purchased shares of common stock in 1990 for $1,000 and sold them for $2,000 in 2001 you would be liable for taxes on

A) $2,000.
B) $1,000 less the rate of inflation.
C) $1,000.
D) $2,000 less the rate of inflation.

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