Nat is a salesman for a real estate developer.His employer permits him to purchase a lot for $75,000.The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000. What is Nat's recognized gain and his basis for the lot? 
Definitions:
Connector
A device used to join electrical terminations and create an electrical circuit; connectors come in various sizes and shapes for different purposes.
Input Devices
Input devices are peripherals used to provide data and control signals to a computer, such as keyboards, mice, and scanners.
Digitizer
A device or software that converts analog information into digital form, often used in the context of touchscreens and drawing tablets to interpret touch or stylus input.
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