Variables Declared Using the ____ Data Type Do Not Have

question 38

Multiple Choice

Variables declared using the ____ data type do not have a set of properties.

• A) Object
• B) Integer
• C) Double
• D) String

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Definitions:

Long-term Capital Losses

Financial losses realized from the sale of assets held for more than a year, which can be used to offset capital gains for tax purposes.

Short-term Capital Gains

Profits from the sale of an asset held for a year or less, typically taxed at higher rates than long-term capital gains.

Section 1202

A provision in the U.S. tax code offering exclusion on gains from the sale or exchange of qualified small business stock held for more than 5 years.

Preferential Rates

Tax rates lower than the standard rates, often applied to long-term capital gains and qualified dividends.