Based on these facts, what is the amount of his recognized gain?
Frank, a single person, sold his home this year. He had owned and lived in the house for 10 years. Frank signed a contract on March 4 to sell his home and closed the sale on May 3.
A) $0
B) $39,800
C) $40,000
D) $52,000
A) $0
The repairs do not impact the realized or recognized gain.
You might also like to view...
The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of employment free from recognized hazards that cause or are likely to cause death or serious physical harm. This is referred to as the
A. first aid clause. B. employer clause. C. employee clause. D. national consensus clause. E. general duty clause.
Answer the following statements true (T) or false (F)
1. Cover letters and résumés should not exceed one page. 2. Telephone and videoconference interviews are becoming more popular as early screening phases of the interview process. 3. Women should make sure that their nails are manicured and polished any color as long as it matches the outfit. 4. When making your decision to accept a position, you should take into account all you have learned about this organization and position during your research and the interviewing process and compare this information with your goals and priorities. 5. If an illegal question is asked during the interview, the respondent should make a note of what occurred
Discuss the relationship between zoning, exotic dancing and the O'Brien test
What will be an ideal response?
The Founder of Teach for America, Wendy Kopp, established a mission by building on her vision, which is "One day, all children in this nation will have the opportunity to attain an excellent education." Considering this, how did Klopp implement the mission of Teach for America?
A. by offering funds to increase the salaries of low-income teachers B. by starting a fundraising campaign to improve school infrastructure C. by enlisting talented young professionals as teachers D. by starting her own line of private schools