In September 2016,Eduardo Sells Stock He Purchased in October 2013

question 32

Multiple Choice

In September 2016,Eduardo sells stock he purchased in October 2013 at a gain of $5,000.If Eduardo is in the 10% marginal tax rate bracket and he has no other capital asset sales in 2016,what is his tax on the sale of the stock?

• A)$- 0 -
• B)$500
• C)$750
• D)$1,000
• E)$1,250

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Definitions:

Select Query

A database query that retrieves specific data from one or more tables according to defined criteria.

Update Query

A type of query in a database management system that is used to modify the values of fields in existing records.

Update

The process of modifying existing data or software to bring it to a newer state or version.

Manager's Name

A data field intended to store the name of a person who holds a managerial position within an organization.