Multiple Choice
Sharon buys some common stock in 1990 for $10,000 and sells it in 2000 for $15,000.During the same period, prices have risen by 75 percent.The net result of Sharon's stock purchases is that she will
A) pay no taxes because she earned negative real capital gains.
B) lose purchasing power and have to pay taxes anyway.
C) earn a real capital gain of $5,000 plus 75 percent.
D) earn a real capital gain of $15,000 minus 75 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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