A Married Couple Filing a Joint Tax Return Is Eligible

question 86

True/False

A married couple filing a joint tax return is eligible to exclude up to $500,000 of gain realized on the sale of a personal residence if both spouses meet the ownership test and at least one spouse meets the use test.One spouse must meet the ownership test and both must meet the use test.

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Definitions:

Sexual Selection

A mode of natural selection where individuals with certain inherited traits are more likely to find a mate and reproduce, often leading to the evolution of traits that enhance mating success.

Attractive Mate

An individual selected based on traits perceived as desirable, enhancing reproductive success in natural and sexual selection.

Disruptive Selection

A type of natural selection that favors extreme values of a trait over intermediate values, leading to two or more contrasting phenotypes in the population.

Stabilizing Selection

Mode of natural selection in which an intermediate form of a trait is adaptive, and extreme forms are selected against.