The Perception That a Class Structure Exists and the Feeling

question 12

Multiple Choice

The perception that a class structure exists and the feeling of shared identification with others in one's class is referred to as .

• A) false consciousness
• B) class consciousness
• C) normative consciousness
• D) stratified consciousness

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Definitions:

FMV

The Fair Market Value represents the price at which property would be sold in an open market scenario.

Unrecaptured 1250 Gain

A type of gain on the sale of depreciable real property that’s taxed at a different rate than other capital gains.

Depreciation

The systematic allocation of an asset's cost over its useful life, reflecting its loss of value over time.

Gift Tax

A levy imposed on the act of transferring property from one person to another without receiving full value or any compensation in return.