What Is the Maximum Amount of Gain on the Sale

question 29

Multiple Choice

What is the maximum amount of gain on the sale of principal residence a married couple may exclude from gross income?

• A)$0.
• B)$25,000.
• C)$250,000.
• D)$500,000.

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Definitions:

ATP

Adenosine Triphosphate, a molecule that stores and transfers energy within cells, enabling metabolic processes.

Synthesized

Produced artificially by chemical or biological processes.

Anabolism

The metabolic pathways that construct molecules from smaller units, involving energy storage.

Nucleotide

The basic building block of nucleic acids like DNA and RNA, consisting of a sugar, a phosphate group, and a nitrogenous base.