Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 27

In 2000, Duncan purchased 2,000 shares of stock for $50,000 in a mid-size local company with gross assets of $15,000,000. In 2010, Duncan sold the stock for $68,000. How is the gain treated for tax purposes? a. $18,000 capital gain and taxed at preferential rates.
B) $9,000 excluded from gross income under §1202 and $9,000 taxed at regular rates.
C) $9,000 excluded from gross income under §1202 and $9,000 taxed at 28%.
D) $13,500 excluded from gross income under §1202 and $4,500 taxed at preferential rates.