If you purchased a 6% bond at par value and sold it 12 months plus 1 day later for $1100, the taxable income you would have realized over the two year period is
A) $100 long term capital gain.
B) $160 ordinary income gain.
C) $60 ordinary income and $100 short term capital gain.
D) $60 ordinary income and $100 long term capital gain.
Answer: D
Business
You might also like to view...
All extreme values result from errors and point to problems with the data
Indicate whether the statement is true or false
Business
The less complex a job in terms of information-processing demands, the more general intelligence and verbal abilities are necessary to perform successfully
Indicate whether the statement is true or false
Business