An individual who sell shares of stock not traded thru the local stock exchange is liable to pay: a. Capital gains tax of 5%
An individual who sell shares of stock not traded thru the local stock exchange is liable to pay: a. Capital gains tax of 5%
Chapter22: S Corporations
Section: Chapter Questions
Problem 23CE
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Question
An individual who sell shares of stock not traded thru the local stock exchange is liable to pay:
a.
b. Capital gains tax of 5% first 100,000 and in excess 10%.
c. Capital gains tax of 15%
d. Capital gains tax of 5% if gain is less 100,000 and 10% if gain is more than 100,000.
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT