Deandra and Her Son Jake Are Visiting the Local Petting

question 71

Multiple Choice

Deandra and her son Jake are visiting the local petting zoo. Deandra points out a peacock spreading his feathers, and explains to him that the peacock is attempting to attract a mate. What is this process called?

• A)intersexual behavior
• B)intrasexual behavior
• C)sexual fitness
• D)sexual adaptation

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Definitions:

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.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.