Benjamin Has the Following Capital Gains and Losses for the Current

question 9

Multiple Choice

Benjamin has the following capital gains and losses for the current year:
What is Benjamin's net capital gain or loss for the year?

• A)Net long-term capital loss of $7,000.
• B)Net short-term capital gain of $2,000.
• C)Net long-term capital loss of $5,000.
• D)Net short-term capital gain of $1,000.
• E)Net long-term capital loss of $3,000.

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Definitions:

Vectors

Quantities that have both magnitude and direction, used to represent physical properties such as force or velocity.

Magnitude

A measure of the size or extent of something, often used in reference to earthquakes or the brightness of stars.

°

A symbol denoting degrees, used to measure angles, temperature, or denote the order of a polynomial or differential equation but is not a key term by itself. NO.

Parallelogram Method

A method of determining vector angles.