Choose the Word or Phrase in [ ] Which Will

question 163

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Dividend income is taxed [as ordinary income | at capital gains rates].

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Definitions:

Public Road

A path or a roadway that is available for use by the general public and maintained by a public authority.

Tenancy At Sufferance

A leasehold estate, or tenancy, that arises when a tenant wrongfully remains in possession of the premise after his or her tenancy has expired.

Lease

A contract granting the use of certain real property to another for a specified period in return for the payment of rent.

Adjoining Tracts

Portions of land that are next to each other or sharing a common boundary.