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:

DNA

Deoxyribonucleic acid, a molecule that contains the genetic instructions for the development and function of living organisms.

Genetic Information

Data related to the genes or hereditary characteristics that are transmitted from parents to offspring.

Collateral Sprouting

The growth of new axon branches from neighboring neurons to form new synaptic connections, often after damage to nearby neurons.

Axons

Long, slender projections of neurons that transmit electrical impulses away from the neuron's cell body to other neurons, muscles, or glands.