In September of 2017,Michelle Sold Shares of Qualified Small Business

question 98

Multiple Choice

In September of 2017,Michelle sold shares of qualified small business stock for $1,000,000 that had a basis of $200,000.She had held the stock for 17 months.Forty-five days after the sale she purchased other qualified small business stock for $1,100,000.How much of the gain will she recognize?

• A)$ 0
• B)$100,000
• C)$800,000
• D)$900,000

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Definitions:

Emotional Disorders

A category of mental health disorders that primarily affect a person's emotional state and are characterized by high levels of anxiety, depression, or disturbances in mood.

Personality Types

Distinct patterns of thinking, feeling, and behaving that characterize an individual's adaptations to life, classified into various categories or typologies.

Eysencks' Trait Dimensions

A theory in personality psychology that proposes three major dimensions of human personality: extraversion, neuroticism, and psychoticism.

Big Five

The Big Five refers to five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.