Which of the Following Statements Is TRUE with Respect to Capital

question 58

Multiple Choice

Which of the following statements is TRUE with respect to capital gains tax?

• A)The name of the tax is derived from the Latin word caput which means "head"-a capital gains tax is the amount that must be paid for each member of a household that earns above a certain amount.
• B)A capital gains tax consists of all of the various amounts that an employer must deduct from an employee's pay cheque.
• C)Only a portion of capital gains are taxed, while all income from sales in the ordinary course of business is taxed.
• D)A company is liable to pay a capital gains tax whenever it sells some of its inventory in the ordinary course of business.
• E)The tax is designed to encourage economically efficient behaviour-it applies only if assets are sold for less than their cost.

Identify the relationship between earthquake depth and fault types.

Recognize the significance of seismic waves in detecting earthquakes.

Distinguish the effects of plate tectonics on earthquake generation.

Identify the main factors contributing to the severity of an earthquake's impact.

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