MrQuinn Recognized a $900 Net Short-Term Capital Gain and a $1,380

question 50

Multiple Choice

Mr.Quinn recognized a $900 net short-term capital gain and a $1,380 long-term capital gain this year.Which of the following statements is false?

• A)If Mr.Quinn's marginal tax rate on ordinary income is 12%,the total income tax on his capital gains is $108.
• B)If Mr.Quinn's marginal tax rate on ordinary income is 37%,the total income tax on his capital gains is $609.
• C)Only $1,380 of the capital gain is subject to a preferential tax rate.
• D)None of the above is false.

---

Definitions:

Skills Model

A framework that outlines the capabilities and competencies that are necessary for effective performance in a specific role or job.

Competencies

A set of defined skills, knowledge, behaviors, and abilities that contribute to effective performance in a role or task.

Career Experiences

The accumulation of work-related knowledge, skills, competencies, and achievements gathered over the course of an individual's professional life.

Environmental Influences

Factors from the surrounding environment that impact behaviors, decisions, and outcomes within an organization or society.