Carlos Bought a Building for $113,000 in 2014

question 96

Multiple Choice

Carlos bought a building for $113,000 in 2014.He added an addition to the building for $26,000.In 2018, he sold it for $212,000.What was his long-term capital gain (ignore depreciation) ?

• A)$0
• B)$47,000
• C)$73,000
• D)$99,000
• E)$212,000

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Definitions:

Low Frustration

A tolerance level where individuals have difficulty enduring frustration, leading to impatience, irritability, and potentially aggressive behavior.

Cognitive Theory

A psychological paradigm that emphasizes mental processes such as thinking, memory, and problem-solving as central to understanding behavior.

Cognitive Distortion

Irrational thought patterns that contribute to negative emotions, behaviors, or attitudes, often recognized in cognitive-behavioral therapy.

Dysfunctional Thinking

Patterns of thought that are irrational, negative, and may lead to emotional distress or behavioral problems.