The correct answer is option (D):
capital.... levied
The correct answer is "capital.... levied". This is because the sentence is describing how capital gains are treated under a specific act (likely a tax law).
* **Capital Gains:** These are profits made from the sale of assets like stocks, bonds, or real estate.
* **Levied:** This word means "imposed" or "charged". So, capital gains tax is imposed on these gains.
Let's look at why the other options are incorrect:
* "Lottery... charged": While lottery winnings can be taxed, the general term for this type of tax isn't a "capital gains tax." It's more of an income tax.
* "Property... calculated": While property sales can generate capital gains, the act doesn't generally "calculate" the gains but imposes a tax.
* "Bonus..... deducted": Bonuses might be subject to income tax and various deductions, but it doesn't align with the concept of capital gains tax.