In X8, Erin Had the Following Capital Gains (Losses) from the Sale

question 27

Multiple Choice

In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?

• A) $3,000 net short-term capital gain.
• B) $3,000 net long-term capital loss.
• C) $4,000 net short-term capital gain.
• D) $4,000 net long-term capital loss.
• E) None of the choices are correct.

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Definitions:

Proximodistal

Developmental progression where growth starts at the center of the body and moves toward the extremities.

Physical Development

The process that starts in human infancy and continues into late adolescent concentrating on gross and fine motor skills as well as puberty.

Pincer Grasp

Grasping objects between the fingers and the thumb.

Ulnar Grasp

Grasping objects between the fingers and the palm.