Dave and Jane File a Joint Return

question 57

True/False

Dave and Jane file a joint return. They sell a capital asset at a $150,000 loss. Even though they have no capital gains, $6,000 of the loss can still be deducted in the current year.

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Definitions:

Reflex

A predictable automatic response to stimuli.

Motor response

Refers to the body's reaction to stimuli, involving nerves and muscles.

Ascending track

Nervous system pathways that carry sensory information from the body up to the brain.