What Would Be the Tax Consequence of Owning a Mutual

question 57

Multiple Choice

What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term capital gains and $800 resulting from long-term capital gains assuming a 30% tax bracket and a 10% capital gains rate?

• A) $420
• B) $140
• C) $300
• D) $260

---

Definitions:

Employee Performance

The assessment of an employee's work outputs and outcomes as measured against the employer's standards and objectives.

Procedural Justice

The fairness of the processes that lead to outcomes, emphasizing the transparency and consistency of the decision-making process.

Distributive Justice

A concept in social psychology and organizational behavior related to the fairness of outcomes distributed among members of a group or organization.

Interactional Justice

An aspect of organizational justice that focuses on the quality of interpersonal treatment individuals receive during the execution of fair or unfair actions.