Nat Is a Salesman for a Real Estate Developer

question 49

Multiple Choice

Nat is a salesman for a real estate developer. His employer permits him to purchase a lot for $75,000. The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000.
What is Nat's recognized gain and his basis for the lot?

• A)$0 $ 75,000
• B)$0 $ 90,000
• C)$15,000 $ 75,000
• D)$15,000 $ 90,000
• E)$30,000 $105,000

---

Definitions:

Largest Artery

The aorta, which is the largest artery in the body carrying oxygen-rich blood from the heart to the rest of the body.

Erythrocyte

A type of blood cell that is typically shaped like a biconcave disk without a nucleus, known more commonly as a red blood cell, which is primarily involved in transporting oxygen and carbon dioxide.

Inflammatory Response

The body's defensive reaction to injury, infection, or irritation, resulting in redness, warmth, swelling, and pain.

Neutrophils

A type of white blood cell, part of the immune system, that engulfs and destroys pathogens through phagocytosis.