This Year,Jason Sold Some Qualified Small Business Stock That He

question 13

Multiple Choice

This year,Jason sold some qualified small business stock that he acquired in 2006.His basis in the stock was $95,000 and he sold it for a $30,000 gain.How much of Jason's gain is taxable?

• A)$0
• B)$15,000
• C)$30,000
• D)$47,500

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Definitions:

Inventory Holdings

Refers to the quantity and value of a company's stock of goods that are held awaiting sale.

Cash Manager

A professional responsible for managing a company's cash inflows and outflows, ensuring sufficient liquidity for operations.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

Net Working Capital

A measure of a company's liquidity, calculated as current assets minus current liabilities.