Shantel Owned and Lived in a Home for Five Years

question 103

Multiple Choice

Shantel owned and lived in a home for five years before marrying Daron. Shantel and Daron lived in the home for two years before selling it at a $700,000 gain. Shantel was the sole owner of the residence until it was sold. How much of the gain may Shantel and Daron exclude?

• A) $0.
• B) $700,000.
• C) $250,000.
• D) $500,000.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or spread of a set of data points around their mean.

Level Of Risk

A measure of the potential for loss in an investment or business situation.

Variance

Variance is a statistical measurement that describes the spread of numbers in a data set, indicating how much the numbers differ from the average value.

Average Return

The mean amount of profit or loss generated by an investment over a given period.