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NEW QUESTION: 1
What information is included in the Background Data Import template?
Please choose the correct answer.
Response:
A. Potential rating history
B. Impact of Loss
C. Education history
D. User name
Answer: C
NEW QUESTION: 2
DRAG DROP
Answer:
Explanation:
Box 1:
Box 2:
Box 3:
NEW QUESTION: 3
In mid-September, Bubba sells one XYZ February 50 call at $6. It subsequently expires without being exercised.
How is the premium taxed?
A. the $600 premium constitutes ordinary income
B. the $600 premium is rolled over into another XYZ call with the next longest expiration date
C. Bubba's cost of the underlying stock is reduced
D. the $600 premium is a capital gain
Answer: D
Explanation:
Explanation/Reference:
Explanation: the $600 premium is capital gain. That's simply how the tax law works.
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