What would be the tax consequence of owning a mutual fund that made distributions of 600 resulting from short-term capital gains and $800 resulting from long-term capital gain rate?

Related MCQs

• ________ is a method of investing in mutual funds wherein an investor chooses a mutual fund scheme and invests a the fixed amount of his choice at fixed intervals.
• An investor pays a tax on the dividend that he receives from a mutual fund scheme at
• Investors in high tax brackets will normally achieve higher performance by selecting a mutual fund that generates
• Index funds offer tax advantages because they ______ In much trading and, therefore, _______ capital gains.
• How much money would you need to purchase 400 shares of a mutual fund with a NAV of $55 per share and a 3% load?
• Equity funds are exempt from long term capital gain tax when investments are held for at least ………… months from the date of acquisition.
• _______________ Mutual fund company was set up as a joint venture between RBI and Government of India
• The feature of a mutual fund, where it spreads the investment in varied stocks and sectors by pooling the funds of various investors, is called as ______________.
• A mutual fund has a beginning balance of 100 million earns interest of 10 million, receives dividends of 15 million, and has expenses of 5 million. If 10 million shares are outstanding, what is the NAV?
• If a mutual fund NAV Is 50 and its expense ratio is 2% what are the total expenses per share?