If You Own Stock That Has Increased in Price, It

question 83

Multiple Choice

If you own stock that has increased in price, it would be best to sell it after you have owned it for at least

• A) 6 months and one day.
• B) 12 months and one day.
• C) 18 months and one day.
• D) 24 months and one day.

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Definitions:

FICA-Medicare

The portion of the Federal Insurance Contributions Act tax that is designated to fund Medicare, the health insurance program for the elderly and certain disabled individuals.

Odd Years

Years that are not evenly divisible by two, indicating an odd number as the final digit.

W-3

A tax form used in the United States that summarizes the total wages paid and taxes withheld for all employees of a company.

FICA-Medicare

The portion of FICA taxes that funds Medicare, providing health insurance for the aged and disabled.