What Would Be the Tax Consequence of Owning a Mutual

question 57

Multiple Choice

What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term capital gains and $800 resulting from long-term capital gains assuming a 30% tax bracket and a 10% capital gains rate?

• A) $420
• B) $140
• C) $300
• D) $260

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Definitions:

Borderline Personality Disorder

A psychological disorder defined by fluctuating mood patterns, behaviors, and social interactions.

Suicide

Deliberately initiating one's own death.

Diagnosed

The process of identifying a disease or condition from its symptoms by a healthcare professional.

Borderline Personality Disorder

a mental health disorder characterized by pervasive instability in moods, behavior, self-image, and functioning, often leading to impulsive actions and unstable relationships.