Given below are Mario's capital gains and losses for two consecutive years.What is the effect of the capital gains and losses on Mario's taxable income for each year? 
Definitions:
Cost Formula
A mathematical equation used to calculate the total cost of production based on variable and fixed costs.
Planning Budget
A budget designed at the beginning of a budgeting period, reflecting the expected financial results and operational activities.
Net Operating Income
Profit generated from a company's regular business activities, excluding taxes and interest.
Client-Visits
The act of meeting with clients or customers in person for business purposes such as sales, support, or consultation.
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