Long-Term Capital Gain Classification Is Advantageous to Taxpayers Because of Which

question 105

Multiple Choice

Long-term capital gain classification is advantageous to taxpayers because of which of the following?
I.Long-term capital gains are generally taxed at a lower rate than ordinary income.
II.Part of a long-term capital game is excluded from income.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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