Answer:
d)$1,100 long-term capital gain
Explanation:
Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.
Answer:
The correct answer is D) "None of the above is correct."
Explanation:
Drug companies are allowed to be monopolists in the drugs they discover to encourage research and development
Answer:
have you tried refreshing the page
Explanation:
The national government usually handles the type of issue that would affect the whole nations. Example of the issues would be: Counter terrorism, handling foreign affairs, constitution related matters,etc.
The states on the other hand only had the jurisdiction in issues that affecting people in their own state, such as handling local taxation, handling state court system, etc.