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

question 4

Multiple Choice

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2019 for $20,000.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)$2,250.
• C)$3,000.
• D)$1,294.

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Definitions:

Kinds of Education

Refers to the various forms and levels of educational systems and institutions, including primary, secondary, tertiary education, and vocational training, each aimed at delivering knowledge and skills in different areas.

Gender

The roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.

Race

A social construct that categorizes individuals based on physical characteristics, ancestry, and cultural affiliation, often leading to implications for identity and experience.

Health Care

The organized provision of medical services to individuals or communities to maintain or improve health, including preventative, diagnostic, and treatment services.