Sachi Is Single and Has Taxable Income of $33,000 Without

question 637

Multiple Choice

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2018 for $20,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is

• A) $3,000.
• B) $0.
• C) $1,410.
• D) $2,250.

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Definitions:

Hair Cells

Sensory cells located in the inner ear that are responsible for translating sound vibrations into electrical signals for hearing.

Proprioceptive Feedback

Sensory information received from muscles and tendons about body position and limb movement.

Place Theory

A theory in hearing that suggests different areas of the cochlea respond to different frequencies, enabling the perception of pitch.

Frequency

The rate at which something occurs over a particular period of time or in a given sample, often used to describe the number of waves that pass a fixed point in a specific time in physics.