Nat Is a Salesman for a Real Estate Developer

question 8

Multiple Choice

Nat is a salesman for a real estate developer. His employer permits him to purchase a lot for $75,000. The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000. What is Nat's recognized gain and his basis for the lot?
Recognized gain Basis

• A) $0 $ 75,000
• B) $0 $ 90,000
• C) $15,000 $ 75,000
• D) $15,000 $ 90,000
• E) $30,000 $105,000

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Definitions:

Neurological Damage

Refers to physical harm or injury to the brain or other parts of the nervous system, potentially impacting cognitive functions, physical abilities, or behavior.

Aversive Events

Unpleasant or harmful events that an individual seeks to avoid or escape from.

Generalized Inability

Broad and pervasive lack of capacity in learning or accomplishing tasks, often not limited to one specific area.