Which of the Following Is True About Capital Gains

question 10

Multiple Choice

Which of the following is true about capital gains?

• A)Short-term capital gains are not netted with other capital gains and losses.
• B)For 2013,long-term capital gains are subject to special tax treatment.
• C)Long-term capital gains are never taxed.
• D)Net short-term capital gains are not netted with net long-term capital losses.
• E)None of the above.

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Definitions:

Drone

An unmanned aerial vehicle (UAV) that can be remotely controlled or fly autonomously through software-controlled flight plans.

Average Fixed Costs

The total fixed costs of production divided by the quantity of output produced, indicating the average fixed expense per unit of output.

Drones

UAVs are aircraft systems that can be operated from a distance or navigate independently using flight plans programmed into their onboard software.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced, representing the per-unit variable cost of production.