Boris, a Single Individual, Has Two Sales of Stock During

question 87

Multiple Choice

Boris, a single individual, has two sales of stock during the current year. The first sale produces a short-term loss of $27,000 and the second sale results in a long-term gain of $57,000. Boris's taxable income without considering the gain is $125,000. Boris's stock transactions will increase his taxable income by:

• A)$-0-
• B)$30,000
• C)$34,000
• D)$54,000

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Definitions:

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The quality of being unclear, indefinite, or imprecise in meaning or intention.

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Open-ended Questions

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