Arthur Austen's Property Having an Adjusted Basis of $68,000 Is

question 26

Multiple Choice

Arthur Austen's property having an adjusted basis of $68,000 is condemned by the state government. fte authorities replace his property with other qualified property which cost them $100,000. What is Arthur's basis in the new property?

• A) $32,000
• B) $0
• C) $68,000
• D) $100,000

---

Definitions:

Collective Bargaining

The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working conditions, wages, and other aspects of workers' compensation and rights.

Pay Equity Legislation

Legal standards aimed at ensuring equal pay for work of equal value across genders and other demographics.

Pay Gap

The difference in pay between different groups of people, often highlighting disparities between genders, ethnicities, or other demographic categories.

Canadian Human Rights Commission (CHRC)

A government agency responsible for ensuring non-discrimination and equality across Canada.