Suppose You Purchased 100 Shares of Stock in 1990 for $25

question 52

Multiple Choice

Suppose you purchased 100 shares of stock in 1990 for $25 a share,and you sell them today for $50 a share.If the capital gains tax is 28 percent,your tax liability is

• A)$70.
• B)$2,500.
• C)$700.
• D)indeterminate without the inflation rate.

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Definitions:

Manual Stimulation

Physical stimulation of body parts, often referring to sexual arousal processes performed with the hands.

Smooth Muscle

Involuntary, non-striated muscle found in walls of internal organs such as the stomach, bladder, and blood vessels.

Cerebellum

Separate portion of the brain attached to the brainstem at the pons; important in maintaining muscle tone, balance, and coordination of movement.

Impotence

Inability to accomplish the male sexual act; caused by psychic or physical factors; also called erectile dysfunction (ED).