Louis,who Is Single,sold His House in St

question 47

Essay

Louis,who is single,sold his house in St.Louis at a gain of $240,000 on June 8,2017.He properly excluded the gain.He took another job in Memphis.He purchased a new home in Memphis for $225,000 on August 5,2017.Louis was transferred by his employer to New Orleans.Louis sold his Memphis house at a $36,000 gain on October 15,2017.What is Louis's recognized gain on the Memphis house?

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Definitions:

Habituation

The act of an organism diminishing or ending its responses to a repeated stimulus through time.

Reward

A stimulus or event that follows a behavior and increases the likelihood of that behavior occurring again.

Opponent Process Theory

A theory that explains emotional and motivational dynamics as the result of competing processes: an initial emotional reaction followed by an opposite counter-reaction.

Opponent Process Theory

A psychological and neurological model that explains how the perception of colors is controlled by two opposing systems: one that processes colors on a continuum from green to red and another from blue to yellow.