7. What does the Constitution say is the 'supreme law of the land?
a. The Bill of Rights
b. State laws
c. The amendments
d. U. S. or federal laws

D. Under the Supremacy Clause, it states that federal laws preempts, or overrules, state laws.

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.

may i have the answer choices?