Mike and Karen are discussing the advantages or advantage, from investing in capital assets.

From the following choices, select all correct answers. Your grade will be determined as the number of correct less the number of incorrect answers.

Question 12 options:

	Gains on capital assets are taxed at a maximum rate of 15 percent.
	Gains on the sale of collectibles such as art are taxed at a maximum rate of 28 percent.
	Gains on capital assets are generally deferred
	Gains on the sale of investment bonds are taxed at a maximum rate of 25 percent.