If a Stock Was Purchased in January 2004 for $1000

question 76

Multiple Choice

If a stock was purchased in January 2004 for $1000 and sold in December 2005 for $3000,what is the taxable result?

• A)Taxable capital gain of $2000
• B)Taxable capital gain of $1000
• C)Income of $2000
• D)Annual taxable gain of $500

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Definitions:

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A region of the brain primarily involved in the processing of memory, decision-making, and emotional responses.

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