Instructions: in Each Set Below, Select the Letter of the Sentence

question 674

Multiple Choice

Instructions: In each set below, select the letter of the sentence in which all the apostrophes are used correctly. In which sentence are apostrophes used correctly?

• A) Your e careless about crossing your t s and dotting your is.
• B) You re careless about crossing your t s and dotting your i s.
• C) You re careless about crossing your ts and dotting your is.

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Definitions:

Involuntary Conversion

This involves compensation received for the destruction, theft, confiscation, or condemnation of property or the disposition of property under threat of these actions.

Replacement Period

The timeframe during which property must be replaced to defer recognition of gains for tax purposes under certain conditions.

Tax Due

The amount of tax liability one owes to a tax authority after all calculations are completed.

Wash Sale Rules

IRS regulations that disallow the claim of a loss on the sale of a security if a substantially identical security is purchased within a 30-day period before or after the sale.