Jaiyoun Sells Sec

question 69

Multiple Choice

Jaiyoun sells Sec.1231 property this year,resulting in a $4,000 gain.This is the first time he has disposed of any Sec.1231 property.Jaiyoun's tax rate is 10%.His tax on the Sec.1231 gain will be

• A)$0.
• B)$400.
• C)$600.
• D)$1,120.

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Definitions:

Restraint Alternative

Strategies or interventions used instead of physical or chemical restraints to reduce or eliminate the need for their use in patient care.

Accidental Poisoning

Unintentional ingestion or exposure to chemical substances, drugs, or other toxic materials that cause harm to the body.

Unsupervised Child

A child who is not being watched or supervised by an adult, potentially leading to unsafe situations or harm.

Prescription Medication

Medicines that can only be obtained with a written order from a healthcare professional, indicating that they are regulated due to safety and control.