Ryan Has the Following Capital Gains and Losses for 2017

question 56

Multiple Choice

Ryan has the following capital gains and losses for 2017: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct:

• A)The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
• B)The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain.
• C)The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain.
• D)The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain.
• E)None of the above.

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Definitions:

Adaptive Benefit

The positive impact a specific trait or behavior has on the ability of an organism to survive and reproduce in its environment.

Assortative Mating

A mating pattern where individuals with similar phenotypic or genetic traits are more likely to mate with each other than by chance.

Prisoner's Dilemma

A theoretical game in game theory showing why two rational individuals might not cooperate even if it appears that it is in their best interest to do so.

Reciprocity

A social exchange principle where the actions of one individual lead to a reciprocal action by another, often seen in cooperative behaviors amongst animals and humans.