Nicholas Purchased 150 Shares of ABC Mutual Fund at $10

question 36

Multiple Choice

Nicholas purchased 150 shares of ABC Mutual Fund at $10.50 and sold them one year later at a price of $14.50.His total earnings were

• A) $400
• B) $600
• C) $2,025
• D) $2,625
• E) $4,650

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Definitions:

SLCSP Premium

Stands for the Second Lowest Cost Silver Plan, which is a reference point used to calculate health insurance premium tax credits under the Affordable Care Act.

Household Income

The combined gross income of all members of a household, typically measured to understand the economic status or to qualify for various programs or loans.

Child and Dependent

Refers to individuals for whom a taxpayer can claim a dependency exemption.

Care Credit

A healthcare credit card designed to help consumers pay for medical expenses not covered by insurance, with special financing options.