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NEW QUESTION: 1

A. Option B
B. Option F
C. Option C
D. Option D
E. Option E
F. Option A
Answer: B,C,D,E

NEW QUESTION: 2
Which of the following statements describe GET workflow actions?
A. GET workflow actions must be configured with POST arguments.
B. Label names for GET workflow actions must include a field name surrounded by dollar signs.
C. GET workflow actions can be configured to open the URT link in the current window or in a new window
D. Configuration of GET workflow actions includes choosing a sourcetype.
Answer: C

NEW QUESTION: 3
Tex Payor bought 1,500 shares of the Bonds4U Mutual Fund, a no load fund, on June 12th for $28 a
share and sold the shares the following year on June 11th for $40 a share. This will result in which of the
following tax consequences for Tex?
A. Tex will have to pay tax on $40,000 of capital gain income, taxed at the preferential rate for long-term
capital gains.
B. Tex will have to pay tax on $18,000 of capital gain income, taxed at the preferential rate for long-term
capital gains.
C. Tex will have to pay tax on $40,000, taxed as ordinary income at his marginal tax rate.
D. Tex will have to pay tax on $18,000, taxed as ordinary income at his marginal tax rate.
Answer: D
Explanation:
If Tex bought 1,500 shares of Bonds4U at $28 on June 12th and sold the shares on June
1 1th the following year for $40 a share, Tex will have to pay tax on $18,000, taxed as ordinary income at
his marginal tax rate. He is taxed on his gain of $40 - $28 = $12 a share times 1,500 shares = $18,000.
For tax purposes, his holding period begins the day after his purchase, or June 13th in this example, and
ends the day on which sells the shares, or June 11th of the following year, in this case. Since this is less
than 12 months, the gain on the sale is considered to be a short-term capital gain, which is taxed as
ordinary income.