A Married Couple Filing a Joint Tax Return Is Eligible

question 95

True/False

A married couple filing a joint tax return is eligible to exclude up to $500,000 of gain realized on the sale of a personal residence if both spouses meet the ownership test and at least one spouse meets the use test.

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Definitions:

Evolution

The process through which species undergo changes over time due to genetic variation and natural selection.

Allele Frequencies

The proportional occurrences of various alleles for a specific gene within a certain population.

Adaptive Traits

Features of an organism that have evolved through natural selection and increase survival and reproductive success in a particular environment.

Artiodactyls

A group of hoofed mammals that typically have an even number of toes, including cattle, pigs, and deer.