Long-Term Capital Gains (Depending on Type)for Individual Taxpayers Can Be

question 55

Multiple Choice

Long-term capital gains (depending on type) for individual taxpayers can be taxed at a maximum rate of:

• A)20 percent.
• B)25 percent.
• C)28 percent.
• D)Both 20 percent and 28 percent.
• E)All of the choices are correct.

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Definitions:

Interest Rate

The fraction of a quantity of money levied for borrowing it, often shown as a yearly percentage rate.

Investment

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Government Bonds

Debt securities issued by a government to support government spending and obligations.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.