Aamir Has $25,000 of Net Sec

question 6

Multiple Choice

Aamir has $25,000 of net Sec.1231 gains this year on business assets.In addition,incurred $18,000 of loss on the sale of stock held six months.Aamir will include in his AGI

• A)$3,000 short term capital loss and $25,000 ordinary gain.
• B)$22,000 net capital gain.
• C)$7,000 net capital gain.
• D)$7,000 short-term capital gain.

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Definitions:

Adrenal Cortex

The outer region of the adrenal glands that produces steroid hormones which regulate metabolism and immune response.

Semicircular Canals

Organs of equilibrium that respond to rotation and angular movement of the head; part of the vestibular apparatus.

Vertebrate Organs

Essential body parts found within vertebrates, including animals with a backbone, such as the heart, brain, and lungs, each performing specific vital functions.

Equilibrium

A state of balance or stability within a system, where competing influences are balanced.