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The Chart Below Details Sheen's 2014,2015,and 2016 Stock Transactions

question 36

Essay

The chart below details Sheen's 2014,2015,and 2016 stock transactions.What is the capital loss carryover to 2016 and what is the net capital gain or loss for 2016?
Tax Year
Short-term
Capital Gains
Short-term
Capital Losses
Long-term
Capital Gains
Long-term
Capital Losses
2014
$ 4,000
$ 6,000
$ 2,000
$13,000
2015
$16,000
$14,000
$23,000
$28,000
2016
$55,000
$52,000
$67,000
$33,000


Definitions:

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Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

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A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

Price Elasticity

A gauge for the reaction of the amount of a good sought after to a price modification of that good.

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