Pierce,a Single Person Age 60,sold His Home This Year

question 45

Multiple Choice

Pierce,a single person age 60,sold his home this year.He had lived in the house for 10 years.He signed a contract on March 4 to sell his home. Based on these facts,what is the amount of his recognized gain?

• A)$0
• B)$25,000
• C)$40,000
• D)$275,000

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Definitions:

Adolescents

Individuals in the transitional stage of human development from childhood to adulthood, typically ranging from ages 13 to 19.

Decreases

Decreases refer to a reduction in size, quantity, or intensity of something.

Risky Sexual Behaviors

Sexual activities that increase the likelihood of negative outcomes such as sexually transmitted diseases or unintended pregnancy.

Pregnancy

The period during which a fetus develops inside a woman's uterus, typically lasting around 40 weeks from the last menstrual period.