A tax imposed on the profit realized from the sale of an investment is called a/an
A) capital gains tax
B) investment tax credit
C) profit gained tax
D) None of these choices is correct.
Correct Answer:
Verified
Q1: A pension is a retirement plan for
Q2: A tax-sheltered retirement plan used in public
Q3: A payee receives support payments.
Q4: According to section 71(b) of the Internal
Q5: A dependent exemption reduces a taxpayer's liability.
Q7: A qualified domestic relations order is not
Q8: The person making the support payments is
Q9: An investment tax credit is a tax
Q10: Retirement plans are mandatory benefits that all
Q11: The Internal Revenue Service follows the rules
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