An individual who sell shares of stock not traded thru local stock exchange is liable to pay: Capital gains tax of 5% Capital gains tax of 5% if gain is less 100,000 and 10% if gain is more than 100,000. Capital gains tax of 5% first 100,000 and in excess 10% Capital gains tax of 15%
An individual who sell shares of stock not traded thru local stock exchange is liable to pay: Capital gains tax of 5% Capital gains tax of 5% if gain is less 100,000 and 10% if gain is more than 100,000. Capital gains tax of 5% first 100,000 and in excess 10% Capital gains tax of 15%
Chapter14: Choice Of Business Entity—operations And Distributions
Section: Chapter Questions
Problem 49P
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An individual who sell shares of stock not traded thru local stock exchange is liable to pay:
Capital gains tax of 5% if gain is less 100,000 and 10% if gain is more than 100,000.
Capital gains tax of 5% first 100,000 and in excess 10%
Capital gains tax of 15%
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