Card 94 / 145: If you purchased 10 shares of Goldman Sachs stock for $1,200 five years ago and continue to hold the stock today but its value has risen to $1,500, how much will you owe in capital gains tax on your 10 shares? (Assume the tax rate on capital gains is set at 15 percent.)
A)
$180
B)
$45
C)
$225
D)
$0
Answer:
D) $0
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