Adjusted Net Capital Gain Is Taxed at 15% for Taxpayers

question 66

True/False

Adjusted net capital gain is taxed at 15% for taxpayers with marginal tax rates of 15% or higher,but less than 39.6%.

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Definitions:

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and the rate of interest without compounding.

Account Balance

The amount of money held in a financial account, which reflects all transactions made.

Interest

The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.

Rate of Return

The positive or negative change in an investment's worth within a specific period, shown as a percent of the cost of the investment.