At Year-End, Taxes on a Futures Position ________

question 90

Multiple Choice

At year-end, taxes on a futures position ________.

• A) must be paid if the position has been closed out
• B) must be paid if the position has not been closed out
• C) must be paid regardless of whether the position has been closed out or not
• D) need not be paid if the position supports a hedge

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Definitions:

High Concentration

A condition where a substance exists in a large amount relative to its volume or area, often relevant in chemical solutions.

Low Concentration

A term describing a solution that contains a relatively small amount of solute compared to the solvent.

Midsagittal

Anatomical term that refers to the plane that runs lengthwise down the midline of the body, dividing it into equal left and right halves.

Sagittal

Relating to or denoting an anatomical plane that divides the body into right and left parts.