Capital gains are
A. the amount of income a taxpayer has after taxes are paid.
B. total sales prices from assets.
C. any profit you have from asset sales.
D. total net income from all sources.
Answer: C
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Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 500 cigars?
A) sales revenue B) gross earnings C) gross profit D) marginal revenue
Suppose that equilibrium income is 3200 and the multiplier is 2.38. Equilibrium income would rise to 3400 if planned investment
A) rises by 84.03. B) rises by 476. C) falls by 84.03. D) falls by 476.
The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is $10. If he signed a fixed-fee rental contract with the store owner and pays $1000 as the rent,
A) Nick will sell 20 MP3 players. B) Nick will sell 40 MP3 players. C) Nick will sell 50 MP3 players. D) Nick will not sign the contract.
The return received by the owners of capital is called the ________________________.
Fill in the blank(s) with the appropriate word(s).