Answer:
profit to be taxable will be $300,000
Step-by-step explanation:
Matt home cost = $150,000
Matt sold his home for = $450,000
so,
cost price will be $150,000
selling price will be $450,000
profit = selling price - cost price
profit = $450,000 - $150,000
profit = $300,000
hence the taxable amount for his home this year will be $300,000
