If a stock was purchased for $3000 in January 2003 and is sold in June 2003 for $4000, what is the taxable result?

A.

Taxable capital gain of $1000

B.

Capital gain of $1000 and taxable income of $500

C.

Capital gain of $1000 and taxable income of $1000

D.

Business income of $1000 and taxable amount of $1000