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Capital gains tax is money paid to the federal government out of profits from the sale of financial assets, like property (land or buildings) or stocks. For which of the following would you need to pay capital gains tax?
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B. cigarettes
C. your mortgage
D. a profitable real estate sale
E. groceries
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A capital gains tax does not apply to your income, a home that you own, or goods and services. It does apply to the profit from the sale of property or other financial assets.
NEW QUESTION: 2
You use a computer that has Windows SP1 installed. The computer has a shared folder named c:\Software.
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What should you do?
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B. Run the Net View command.
C. Run the Net Share command.
D. View the Share permissions on C:\Software.
Answer: D
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