Resale price maintenance occurs when: a. the manufacturer suggested retail price. b. minimum prices are enforced. c. consignment
1 answer:
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Answer:
correct option is $31,250
Explanation:
given data
home sold gain = $45,500
to find out
gain may Jamie exclude from gross income in year 2
solution
as given November 1 purchase home February 1 sold
so we know here that Maximum exclusion will be
Maximum exclusion = $250,000 ×
Maximum exclusion = $31,250
so here $31,250 may Jamie exclude from her gross income in year 2
correct option is $31,250