A calculated risk is a chance you take after considering the outcome and an unnecessary chance is a pointless risk that is taken that could be avoided
Answer:
$0
Explanation:
A single taxpayer like Myles, can exclude up to $250,000 in capital gains when selling their house if they meet the following criteria:
- have owned and lived in the house for at least 2 of the last 5 years ⇒ Myles only owned and lived in the house for 18 months, so he doesn't qualify.
- you can only use this exemption once every 2 years
<u>Situational irony</u> is when the opposite of the expected occurs.
<u>Example:</u> You do not study and guess or select random answer choices on a test, but receive a wonderful grade.
