Steve is a student who earns $11,000 per year from a part-time job. This year he also has $1,000 capital gain on sale of stock that he received as a gift five years ago. What is Steve's tax rate on the capital gain? 15% 10% Zero 20% Swenson is a shareholder in an s corporation. Which of the following would affect the adjusted basis of his stock? Operating income of the corporation. Capital gains realized by the corporation. Cash distributions to Swenson. All of these answers are correct. Which type of tax is NOT used by the federal government? Estate and gift Tariff General sales Specific excise