a $10,000 gain earned on stock held 13 months is taxed in a more favorable manner than a $10,000 gain earned…

a $10,000 gain earned on stock held 13 months is taxed in a more favorable manner than a $10,000 gain earned on stock held 11 months. 1. true 2. false question 23 1 pts if an individual with a taxable income of $15,750 has a long - term capital gain in 2025, it is taxed at a. 0% b. 20% c. 10% d. 15%

a $10,000 gain earned on stock held 13 months is taxed in a more favorable manner than a $10,000 gain earned on stock held 11 months. 1. true 2. false question 23 1 pts if an individual with a taxable income of $15,750 has a long - term capital gain in 2025, it is taxed at a. 0% b. 20% c. 10% d. 15%

Answer

Brief Explanations:

  1. In tax - law, long - term capital gains (assets held for more than 12 months) are generally taxed more favorably than short - term capital gains (assets held for 12 months or less). So, a gain on stock held 13 months is taxed more favorably than a gain on stock held 11 months.
  2. For long - term capital gains, taxpayers in the lowest income tax brackets may have a 0% tax rate on long - term capital gains. In 2025, for an individual with a taxable income of $15,750 (a relatively low income), the long - term capital gain is taxed at 0%.

Answer:

    1. True
  2. A. 0%