Nat Is a Salesman for a Real Estate Developer

question 8

Multiple Choice

Nat is a salesman for a real estate developer. His employer permits him to purchase a lot for $75,000. The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000. What is Nat's recognized gain and his basis for the lot?
Recognized gain Basis

• A) $0 $ 75,000
• B) $0 $ 90,000
• C) $15,000 $ 75,000
• D) $15,000 $ 90,000
• E) $30,000 $105,000

---

Definitions:

Pitch

The perception of the frequency of sound, determining how high or low a tone sounds.

Loudness

The perception of the intensity of sound waves, often measured in decibels, and experienced by the listener as volume.

Timbre

The characteristic quality or color of a sound that distinguishes it from other sounds of the same pitch and volume.

Vision for Perception

The process by which the brain interprets visual stimuli from the eyes to understand and interact with the environment.