Ed and Elise Got Married During the Year and They

question 40

True/False

Ed and Elise got married during the year and they each sold their homes to buy a new house for them to live in. As long as they file a joint return they can each claim a $250,000 exclusion.

---

Definitions:

Yield To Maturity

The expected total profit from a bond when retained until it reaches its maturity date.

Face Value

The nominal or dollar value printed on a security, such as a bond or stock, representing its official worth at issuance.

Nominal Discount Rate

The discount rate that has not been adjusted for inflation, representing the percentage reduction in present value compared to future value.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a period, typically measured on an annual basis.