Which of the Following Statements About Ordinary Income and Capital

question 14

Multiple Choice

Which of the following statements about ordinary income and capital gain is false?

• A)Every item of income is ultimately characterized as either ordinary income or capital gain for federal tax purposes.
• B)Most ordinary income items are taxed at the regular individual or corporate tax rates.
• C)Individuals and corporations pay tax on their capital gains at a preferential rate.
• D)None of the above is false.

---

Definitions:

Crisis Therapy

A short-term treatment focused on providing immediate support and strategies to individuals experiencing acute psychological distress.

Reframing A Situation

The process of changing the perspective on a scenario to view it in a different, often more positive or constructive, light.

Stress And Anxiety

Psychological and physiological states characterized by feelings of tension, worry, and nervousness, often as a reaction to perceived threats or challenges.

Positive And Constructive Thinking

Positive and constructive thinking involves focusing on beneficial and productive thoughts, promoting problem-solving and emotional well-being.