Sachi Is Single and Has Taxable Income of $33,000 Without

question 83

Multiple Choice

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2017 for $15,950.That asset was purchased six years earlier and has a tax basis of $5,000.The tax liability applicable to only the capital gain is

• A)$0.
• B)$2,242.50.
• C)$1,642.50.
• D)$900.

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Definitions:

Fine-Motor Skills

The ability to coordinate small muscle movements, typically involving actions of the hands and fingers, like writing or tying shoelaces.

Middle-School Child

A young individual, typically between the ages of 11 and 14, attending middle school which bridges elementary and high school.

Tandem Gait

A method of walking where one foot is placed directly in front of the other, testing balance and coordination, often used in neurological examinations.

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Stress or burden experienced by a person providing care for someone else, often leading to physical or emotional exhaustion.