Renee Is Single and Has Taxable Income of $480,000 Without

question 138

Multiple Choice

Renee is single and has taxable income of $480,000 without considering the sale of a capital asset (land held for investment) in September of 2017 for $25,000.That asset was purchased six years earlier and has a tax basis of $5,000.The tax liability applicable to only the capital gain (without consideration of the additional Medicare tax) is

• A)$7,920.
• B)$5,600.
• C)$3,000.
• D)$4,000.

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Definitions:

Synergist

A muscle that assists another muscle in accomplishing a movement by helping reduce undesired motion or by stabilizing joints.

Prime Mover

A prime mover, in anatomy and physiology, refers to the muscle that plays a leading role in performing a particular movement by contracting, while other muscles may play supportive or stabilizing roles.

Fixator

A muscle or muscle group that stabilizes the origin of another muscle to enable effective action of the muscle.

Antagonist

A substance that binds to a receptor and blocks or dampens a biological response by inhibiting the effect of an agonist.