Suppose you purchased 100 shares of stock in 2016 for $25 a share and you sell them today for $30 a share. If the capital gains tax is 30 percent, your tax liability is
A. $70.
B. $150.
C. $500.
D. indeterminate without knowing the inflation rate.
Answer: B
You might also like to view...
Black markets can generally be eliminated when price ceilings are enacted.
Answer the following statement true (T) or false (F)
If velocity is equal to 4, this means that
A) the rate of growth of the money supply is 4. B) an increase in the money supply will lead to an increase in aggregate supply of 4. C) each dollar of the money supply is spent on the average 4 times per year. D) for every 4 dollars of the money supply, nominal GDP will increase by 4.
If, in response to an increase in the price of pineapples, the quantity of pineapples demanded decreases, economists would describe this as
A) an decrease in demand. B) a decrease in quantity demanded. C) a decrease in consumers' taste for pineapples. D) a change in consumer income.
What are the main forms through which foreign capital flows into LDCs? Discuss the evolution of the various forms across the last decade
What will be an ideal response?