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MATCHING Match Each Term with Its Corresponding Definition or Description

question 36

Multiple Choice

MATCHING
Match each term with its corresponding definition or description.
-the number of calories needed per hour to keep the body alive,awake,and comfortable


Definitions:

Recognized Gain

The portion of a capital gain that must be reported as income for tax purposes.

Excluded Gain

Profit from the sale of an asset that can be exempt from taxes, often related to home sales under specific Internal Revenue Code sections.

Recognized Gain

The portion of a capital gain on which taxes must be paid, typically realized when an asset is sold for more than its purchase price.

Adjusted Basis

The original cost of a property plus improvements and minus depreciation or damages, used to calculate capital gains or losses.

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