Nana Is a Self-Employed Consultant

question 86

Multiple Choice

Nana is a self-employed consultant.For the past five years,she has used an extra bedroom (15% of the house) in her home as a qualifying home office and deducted $9,000 of depreciation expense.This year she sells the house for $740,000.The house cost $500,000.Nana is single.She will recognize gain on the sale of the house of

• A)$0.
• B)$9,000.
• C)$45,000.
• D)$249,000.

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Definitions:

Nodes

Nodes are points in a network where pathways intersect, serving as connection or redistribution points in various systems, such as telecommunications, computer networks, or social networks.

Maven

An expert or connoisseur, often referring to a person who has special knowledge or experience; used particularly in the context of marketing to describe influential figures.

Niche Market

A specialized segment within the marketplace characterized by a unique demand and specific consumer preferences, often less competitive than broader markets.

Social Graph

A diagram that illustrates interconnections among individuals or organizations within a social network.