Sensor Corporation Was Formed and Began Operations in 2012

question 18

Multiple Choice

Sensor Corporation was formed and began operations in 2012. For that year, it had operating income of $50,000, long-term capital gains of $25,000 and short-term capital losses of $10,000. In 2013, the corporation had $5,000 of net long-term capital losses, and in 2014 the corporation had $20,000 of net long-term capital losses. How much capital loss is available to carry forward to 2015?

• A) $- 0 -
• B) $10,000
• C) $15,000
• D) $20,000
• E) $25,000

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Definitions:

Extended Family

A large group of relatives, usually including at least three generations living either in one household or in close proximity.

Socioeconomic Class

A categorization of people based on their economic status, often determined by income, wealth, education, and occupation, which influences their social opportunities and lifestyle.

Conflict Theory

A sociological perspective that focuses on the inherent divisions of societies based on social inequalities and the way these social divisions give rise to different interests and conflicts.

Nuclear Family

A heterosexual couple with one or more children living in a single household.