In 2001,Mrs

question 5

Multiple Choice

In 2001,Mrs.Qualley,contributed $100,000 in exchange for 1,000 shares of Little Corporation,which is a qualified small business.This year,Mrs.Qualley's only capital transaction was the sale of the 1,000 shares of Little qualified small business stock for $180,000.If Mrs.Qualley's marginal rate on ordinary income is 37%,compute the income tax on her capital gain from this sale.

• A)$6,000
• B)$11,200
• C)$22,400
• D)None of the above.

---

Definitions:

Helicobacter Pylori

A type of bacteria that infects the stomach lining and is a major cause of ulcers and stomach inflammation.

Gastritis

An inflammation of the stomach lining, often caused by infection, certain medications, or autoimmune disorders.

Gastric Cancer

A type of cancer that develops from the lining of the stomach, leading to symptoms like nausea, weight loss, and stomach pain.

Gastric Bicarbonate

A bicarbonate ion (HCO3-) secreted by the stomach's mucosa that helps neutralize gastric acid and protect the stomach lining.