In 2016, Jenny Had a $12,000 Net Short-Term Capital Loss

question 71

Multiple Choice

In 2016, Jenny had a $12,000 net short-term capital loss and deducted $3,000 as a capital loss deduction. In 2017, Jenny has a $18,000 0%/15%/20% long-term capital gain and no other capital gain or loss transactions. Which of the statements below is correct for 2017?

• A)Jenny has a $18,000 net capital gain.
• B)Jenny has a $9,000 net capital gain.
• C)Jenny has a $9,000 net capital loss.
• D)Jenny has a $3,000 capital loss deduction.
• E)Jenny has a $9,000 capital loss deduction.

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Definitions:

Extinction

The process through which a conditioned response decreases or disappears over time as it is no longer reinforced or paired with an unconditioned stimulus.

Avoidance Behavior

Actions taken to prevent or avoid the occurrence of an unpleasant stimulus or scenario.

Delay

A period of time before an event or action takes place.

Aversive Event

An unpleasant or harmful event or stimulus that an organism seeks to avoid or escape.