Capital Gains and Capital Losses

question 98

Multiple Choice

Capital gains and capital losses

• A)are not fully taxed.
• B)are subject to higher taxes than is income.
• C)are assets held for longer than two years.
• D)are assets held for longer than five years.
• E)are assets held for longer than ten years.

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Definitions:

Water Table

The level below the Earth's surface at which the ground is saturated with water.

Artesian

Groundwater that is in a confined aquifer and is under enough water pressure to rise above the level of the aquifer.

Water Table

The water table is the upper level of an underground surface in which the soil or rocks are permanently saturated with water, delineating the boundary between the aquifer's unsaturated zone and saturated zone.

Topography

The arrangement of the natural and artificial physical features of an area, including its relief and the position of its features.