Capital gains from your financial investments are subject to your federal income tax brackets if You held the financial investments for less than a year o the purpose for the investments is stated as "home improvements o the purpose for the investments is stated as "debt consolidation" O You held the financial investments for more than a year O None of the listed is correct. With regards to IRS tax forms, which of the following is true? Employers use Form W-2 to estimate the amount of withholdings for each of your pay check. O Additional income (other than that from your primary employer) should be reported using Form 1098. O All of the listed are true. O Your actual tax obligation depends on Form 1040. The primary function of financial markets is to merge and/or acquire businesses O allow firms to issue stocks to fund projects O provide gambling opportunities O channel funds The central banking system of the USA is o the Bank of America O the Federal Reserve O the US Congress o the Department of Treasury When it comes to choosing between standard vs. itemized deductions, a rational taxpayer should ___ when filing Form 1040. use the average of the two O use the lower of the two o use the sum of the two O use the higher of the two The interest rate is best interpreted as the price of O checking accounts money O savings accounts current consumption