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A student points out an error in the training materials during a class. Which of the following is the BEST course of action the trainer should take?
Long-term Capital Gains
Profits from the sale of an asset held for more than a year, generally taxed at lower rates than ordinary income.
Ordinary Income
Income earned from providing services or the sale of goods, typically subject to standard tax rates, as opposed to income classified as capital gains.
Equipment Distribution
The process of supplying equipment to various departments or locations within an organization or among individuals.
Cash Distributions
Payments made in cash by a corporation to its shareholders, typically from earnings or profits.
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