William and Kate Married in 2013 and Purchased a New

question 105

Multiple Choice

William and Kate married in 2013 and purchased a new home together.Each had owned and lived in separate residences for the past 5 years.William's adjusted basis in his old residence was $200,000; Kate's adjusted basis in her old residence was $120,000.In late 2013,William sells his residence for $500,000 while Kate sells her residence for $190,000.What is the total gain to be excluded from these transactions in 2013?

• A)$-0-
• B)$250,000
• C)$320,000
• D)$370,000

---

Definitions:

Infusion Rate

The speed at which liquids, especially drugs or nutrients, are administered intravenously.

Drug Y

A placeholder name for a hypothetical or unspecified medication used in discussions or examples.

Flow Rate

The volume of fluid that passes a point in a system per unit time, often measured in liters per hour or milliliters per hour in medical contexts.

DE-style Equations

Mathematical formulations used in differential equations, often in the context of dynamic systems or mathematical physics.