Choose the best word or phrase to complete this paragraph about the home front during World War II. When the United States entered World War II, it affected the lives of Americans in many ways. People were asked to
resources, such as food, oil, and gas. The government also encouraged people to purchase
to help the country
financially during the war. More and more
started working in all industries during the war.
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the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.

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