Sam Bought a House for $200,000 $\$ 20,000$ B) $\$ 250,000$

question 12

Multiple Choice

Sam bought a house for $200,000. He spent $50,000 to add a room. He sold the house for $260,000. Sam's adjusted basis is:

• A) \( \$ 20,000 \)
• B) \( \$ 250,000 \)
• C) \( \$ 260,000 \)
• D) \( \$ 150,000 \)

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Definitions:

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A company or an individual that offers services to consumers or other businesses, ranging from telecommunications and internet services to health care and transportation.