Capital Gains & Losses: Definition & Statutory Framework

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is true of a short-term gain?

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1.

Given the following results from the sale of investments, you have the following:

Short-term gains - $5,000

Long-term gains - $2,000

Short-term losses - $4,000

Long-term losses - $2,500

How will your proceeds be taxed?

2. If you are in the 28% tax bracket and realize a long-term capital gain, what is the capital gains tax on the investment?

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About This Quiz & Worksheet

See what you know about capital gains and losses with these study assessments. Quiz topics include short-term gains and taxes on the sale of investments.

Quiz & Worksheet Goals

You'll be quizzed on the following:

  • Capital gains tax
  • Gain or loss on a property sale
  • Tax rate on a sale of stock

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on capital gains and losses
  • Knowledge application - use your knowledge to answer questions about taxes on the sale of stock and property
  • Information recall - access the knowledge you've gained regarding the taxes associated with capital gains

Additional Learning

Learn more with the accompanying lesson entitled Capital Gains & Losses: Definition & Statutory Framework. The following areas of study will be addressed:

  • Overview of capital gains and losses
  • Analysis of tax laws
  • Examples of different types of gains and losses
Final Exam
Chapter Exam
Capital Gains & Losses
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