In Addition to His Salary, Peter Realizes a $1,000 Short-Term

question 43

Multiple Choice

In addition to his salary, Peter realizes a $1,000 short-term capital gain and a $5,000 long-term capital loss. The net effect of the capital asset transactions on Peter's adjusted gross income is

• A)$-0-
• B)$1,000
• C)$(3,000)
• D)$(4,000)
• E)$(5,000)

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Definitions:

Deoxyribonucleic Acid

DNA; the molecule that contains the genetic instructions for the development and function of living things.

Ribonucleic Acid

A nucleic acid present in all living cells. Its principal role is to act as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

Antidiuretic Hormone

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Monozygotic Twins

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