Victor, a Calendar- Year Taxpayer, Owns 100 Shares of AB

question 1165

Multiple Choice

Victor, a calendar- year taxpayer, owns 100 shares of AB Corporation stock, which was purchased three years ago for $5,000. Victor sells all 100 shares on December 27, of the current year, for $4,000 and on January 5, of the following year, purchases 60 shares of AB Corporation stock. Victor's recognized loss will be

• A) $600.
• B) $400.
• C) $1,000.
• D) $0.

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Definitions:

Employment Rate

The percentage of the labor force that is employed, often used as a measure of economic health and labor market strength.

Government Officials

Individuals who hold positions of authority in governmental organizations and are responsible for making and implementing policy decisions.

Labor Force

The total number of people, including both the employed and unemployed, who are actively engaged in or seeking work within an economy.

Unemployment Rate

The fraction of the labor force currently without employment but searching for jobs.