You Have Owned and Lived in Your Home for 8

question 101

Multiple Choice

You have owned and lived in your home for 8 years.Now you have received an excellent promotion,but you will have to sell your home and move to another community.You expect to realize a capital gain of $100,000 on the home's sale.The capital gain will

• A)be taxable as ordinary income.
• B)be taxable at the 15% tax bracket.
• C)be taxable at the appropriate long-term capital gains rate.
• D)not be taxable because the home was your principal residence.
• E)not be taxable because this is a job-related move.

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Definitions:

Heterosexism

An ideological system that denies, denigrates, and stigmatizes any non-heterosexual form of behavior, identity, relationship, or community.

Androcentrism

A perspective or approach that prioritizes, centers on, or views the world through the lens of male interests and experiences, often marginalizing other perspectives.

Socially Approved

Accepted by society or conforming to the norms and values that the majority of society agrees on.

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.