If a University Student Makes a Capital Gain of $1000

question 64

True/False

If a university student makes a capital gain of $1000, it will be taxed at the company tax rate, not the personal tax rate.

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Definitions:

Steady Pay

Consistent and regular payments made to employees, typically in the form of a fixed salary or wages.

Self-Employment

The state of working for oneself as a freelance or the owner of a business rather than for an employer.

Goods

Tangible items that are manufactured or produced for sale.

Circumstances

The specific conditions or facts affecting a situation, event, or decision at a certain time.