Solved

A Capital Gain Is Defined as

Question 100

Multiple Choice

A capital gain is defined as


A) the tax rate one pays when one moves into a higher tax bracket.
B) a positive difference between the purchase price and the sale price of an asset.
C) an unanticipated increase in income.
D) the tax paid when one sells an asset.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions