Multiple Choice
Suppose you purchased 100 shares of stock in 1990 for $25 a share,and you sell them today for $50 a share.If the capital gains tax is 28 percent,your tax liability is
A) $70.
B) $2,500.
C) $700.
D) indeterminate without the inflation rate.
Correct Answer:
Verified
Correct Answer:
Verified
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