Sachi Is Single and Has Taxable Income of $33,000 Without

question 38

Multiple Choice

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2016 for $15,650.That asset was purchased six years earlier and has a tax basis of $5,000.The tax liability applicable to only the capital gain is

• A)$0.
• B)$2,662.50.
• C)$1,597.50.
• D)$900.

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Definitions:

Positive Reinforcement

Increasing the probability that behavior will be repeated by rewarding people for making the desired response; improves learning and motivation.

Contingent

Dependent on certain conditions or situations; not absolute.

Employee Recognition Programs

Formal schemes implemented by organizations to reward and acknowledge the achievements and contributions of their employees.

Employee Engagement

The emotional commitment an employee has to their organization and its goals, often resulting in higher productivity.