Benjamin Has the Following Capital Gains and Losses for the Current

question 10

Multiple Choice

Benjamin has the following capital gains and losses for the current year:
$\begin{array}{llcc} \text {Long-term capital loss}&\$(13,000) \\ \text {Long-term capital gain}& 6,000\\ \text {Short-term capital loss}& (10,000) \\ \text {Short-term capital gain}&12,000 \\\end{array}$

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:

Positive Feedback Loop

A process where the end product of an action causes more of that action to occur in a feedback loop that amplifies the original action.

Tissue Types

Categories of biological tissues based on similar cells and their functions such as epithelial, connective, muscle, and nervous tissues.

Endocrine

Pertaining to glands that secrete hormones directly into the bloodstream to regulate body processes.

Positive Feedback

A process where the output or effect of a system increases the activity or process in the same direction.