The Increase in Value of an Investment Is Subject To

question 27

Multiple Choice

The increase in value of an investment is subject to:

• A) capital gain tax.
• B) retirement tax.
• C) estate tax.
• D) probate tax.

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Definitions:

Artisan's Service

The work or craft of skilled manual workers who make items largely by hand, often with traditional methods.

Lien

A legal right or interest that a creditor has in the debtor's property, typically lasting until the debt that it secures is paid.

Accommodation Surety

A surety who cosigns a loan or credit application for another with no benefit received, assuring the lender that the loan will be repaid.

Compensation

Payment or reward given for service, performance, or damage incurred.