Tanner,who Is Single,purchased a House on April 15,2000 for $215,000

question 22

Multiple Choice

Tanner,who is single,purchased a house on April 15,2000 for $215,000.During the time Tanner owned the house,he installed a swimming pool at a cost of $21,000 and replaced the deck at a cost of $18,000.On August 5,2014,Tanner sold the house for $570,000.Tanner paid a sales commission of $30,000 and legal fees of $800 connected with the sale of the house.What is Tanner's recognized gain on the sale of the house?

• A) $0.
• B) $35,200.
• C) $250,000.
• D) $285,200.

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Definitions:

Emotional Stability

Refers to the ability of an individual to remain stable and balanced in their emotions rather than being easily upset or emotional.

Mutual Attraction

A shared physical or emotional pull between two individuals, leading to a potential relationship or connection.

Pleasing Disposition

A personality trait characterized by a tendency to be agreeable, amiable, and seek to make others happy.

Intelligence

An individual’s ability to understand complex ideas, to adapt effectively to the environment, to learn from experience, to engage in various forms of reasoning, and to overcome obstacles through mental effort.