Lee and Carol Parton have sold their home for $750,000. They have lived in the home for 22 years. They are planning to retire and travel. They purchased the home for $200,000 and have made $50,000 in improvements. Their total gain realized on the sale is:
A)?$550,000
B)?$500,000.
C)?$750,000.
D)?None of the above
B
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