Seward's folly refers to what action taken by the us government? a. the purchase of alaska b. the annexation of hawaii c. the spanish-american war d. the purchase of the us virgin islands

The correct answer is A) The purchase of Alaska.

William Seward was the Secretary of State under President Andrew Johnson. In 1867, Seward campaigned for the purchase of Alaska from Russia. After narrowly passing in Congress, many dubbed this purchase Seward's Folly. This is due to the fact that many Congressmen believed this was a bad idea to purchase Alaska, as they felt it would add no significant value to the United States. These Congressmen were proved wrong when gold was discovered in Alaska.

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.