Aamir Has $25,000 of Net Sec

question 90

Multiple Choice

Aamir has $25,000 of net Sec.1231 gains this year on business assets.In addition,he incurred $18,000 of loss on the sale of stock held six months.Aamir will include in his AGI

• A)$3,000 short-term capital loss and $25,000 ordinary gain.
• B)$22,000 net capital gain.
• C)$7,000 net capital gain.
• D)$7,000 short-term capital gain.

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Definitions:

Unemployment Insurance

Financial support provided by the state to those who are out of work not because of their own doing.

Laid Off

The temporary or permanent dismissal of employees from their job due to economic downturns or company restructuring.

Entered the Labor Force

Describes individuals who have reached working age and are actively seeking employment or are currently employed.

Sectoral Shifts

Changes in the economic landscape that affect specific sectors of the economy, leading to shifts in labor demand and supply.