On November 1, 2014, Jamie (Who Is Single) Purchased and Moved

question 55

Multiple Choice

On November 1, 2014, Jamie (who is single) purchased and moved into her principal residence. In early 2015, Jamie was laid off from her job. On February 1, 2015, Jamie sold the home at a $35,000 gain. She sold the home because she found a new job in a different state. How much of the gain, if any, may Jamie exclude from her gross income in 2015?

• A) $0
• B) $3,125
• C) $31,250
• D) $35,000

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Definitions:

Sandra Scarr

An American developmental psychologist known for her work on genetic and environmental influences on human development.

Gregor Mendel

A scientist and Augustinian friar who is known as the father of modern genetics for his work on the inheritance of traits in pea plants.

Multifactorial Transmission

The determination of traits by a combination of both genetic and environmental factors in which a genotype provides a range within which a phenotype may be expressed.

Genetic Factors

Elements within an organism's genetic makeup that influence its physical and behavioral traits.