Back to Assignment Attempts: Keep the Highest: IT 8. The tax system Understanding taxes which source of investor income is susceptible to double taxation? O Dividends O Interest earned You bought 1,000 shares of Tund Corp. stock for $60.59 per share and sold it for $82.35 per share after a few years. How will your gain r loss be treated when you file your taxes? Q As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate Depreciation expenses directly affect a company's taxable income. An increase in depreciation expense will lead to a taxable income. It will tax deducted from a company's earnings, thus leading to a operating cash flow