Ryan Has the Following Capital Gains and Losses for 2018

question 145

Multiple Choice

Ryan has the following capital gains and losses for 2018: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct:

• A) The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
• B) The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain.
• C) The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain.
• D) The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain.
• E) None of the above.

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Definitions:

Short Naps

Brief periods of sleep, generally lasting less than 30 minutes, intended to quickly restore alertness and performance.

Insomnia

Recurring problems in falling or staying asleep.

Delta Waves

Slow brainwaves predominantly associated with deep sleep and restorative processes in the brain.

Night Terrors

A sleep disorder characterized by feelings of terror or dread, usually occurring in the first hours of NREM sleep.