Please choose the correct ending to complete the given sentence: Food and Entertaining: [header] How to understand capital gains tax [title] Start at square one. [step] A capital gains tax is a tax on the profits from the sale of an asset. The asset could be virtually anything, such as a home, a piece of land, stocks, bonds, collectibles-even an intangible asset, like a trademark or a patent.

Ending1: [substeps] Capital gains are federal and state taxes according to state law. In the case of a federal tax, you can generally find the entity or company with a capital gains tax when you are searching for them. Ending2: [substeps] In this sense, capital just means money, and gains mean profit. Most people's income comes from wages, and that's mostly what ordinary income tax covers. Ending3: [substeps] See some examples of how the capital gains tax don't work in calculating your capital gains taxes. These like market share and business equity interest rate. Ending4: This asset would make the asset, and only you understand. The capital gains are used to make equal, allotted equity to the dollar.

Answer format: ending1/ending2/ending3/ending4