What Is the Maximum Amount of Gain on the Sale

question 15

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:

Muscular Endurance

The ability of a muscle or group of muscles to sustain repeated contractions or to continue applying force against a fixed object for an extended period.

Cardiorespiratory Fitness

The capacity of the heart, lungs, and circulatory system to provide oxygenated blood to muscles in action throughout extended periods of physical exercise.

Elliptical Trainer

A stationary exercise machine used to simulate stair climbing, walking, or running without causing excessive pressure to the joints.

Aerobic Workouts

Exercise activities that increase the heart rate and promote the circulation of oxygen through the blood and are performed over extended periods.