Jessica Owned 200 Shares of OK Corporation with a Basis

question 457

Multiple Choice

Jessica owned 200 shares of OK Corporation with a basis of $12,000 and a FMV of $24,000. Jessica received 20 stock rights as a nontaxable distribution with a total FMV of $8,000. Jessica sold the stock rights for $4,000. Jessica's gain or loss on the sale was

• A) $4,000.
• B) $1,000.
• C) $3,000.
• D) ($4,000).

---

Definitions:

SPPS Regression Output

Likely a typographical error for SPSS Regression Output, which refers to the results, including coefficients and statistics, generated from a regression analysis performed in SPSS software.

Starting Salary

The initial wages or salary provided to an employee when they begin a new job or position.

Confidence Interval

A range of values, derived from the sample data, that is believed to cover the true population parameter with a certain confidence level.

Average Current Salary

The mean salary of a group at the current point in time, often used to assess and compare compensation levels within or across sectors.