Blair, whose tax rate is 24%, sells one tract of land at a gain of $29,000 and another tract of land at a gain of $11,000. Both tracts of land are Sec. 1231 property. She has never had any other Sec. 1231 transactions. How are the gains taxed?
A. ordinary income of $40,000 taxed at 25%
B. a net capital gain of $40,000 taxed at 15%
C. ordinary income of $40,000 taxed at 28%
D. a net capital gain of $40,000 which is not taxed
Answer: B
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A. prove stereotypes for B. speed up C. eliminate D. reduce bias in E. increase bias in
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What will be an ideal response?
The procedure that releases a prisoner before the sentence is begun is called_________
Fill in the blank(s) with correct word