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Roar Roar
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7 years ago
Suppose the annual inflation rate is 10%, and an asset bought at the beginning of the year for $100,000 is sold for $115,000. If the capital-gains tax rate is 30%, what is the (approximate) effective tax rate on the sale of this asset?
A) 10%
B) 20%
C) 25%
D) 30%
E)  4%
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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legendvpnlegendvpn
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7 years ago
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Roar Author
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7 years ago
Thanks
ethom947
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You make an excellent tutor!
jamiebonf99
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2 hours ago
Helped a lot
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