If You Hold an Asset for More Than One Year

question 53

Multiple Choice

If you hold an asset for more than one year and then sell it for a profit, you will be taxed at a rate of which of the following?

• A) Long-term capital gains.
• B) Short-term capital gains.
• C) Normal dividends.
• D) Capital assets.

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Definitions:

Diabetes

A metabolic disease characterized by high blood sugar levels over a prolonged period, often due to either insulin deficiency or insulin resistance.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into cells.

Testosterone

A steroid hormone primarily produced in males, associated with the development of male physical characteristics and reproductive functions.

Diabetes

A chronic condition that affects how the body processes blood sugar (glucose).