Which circumstance would qualify for the $500,000 exclusive of capital gains tax on the sale of the principal residence?
A. The seller had occupied it for one of the last five years with a game up to $500,000
B. The accumulated capital gain is under $750,000
C. A couple has occupied for two of the last five years with the game up to $500,000
D. A couple has never taken the exemption before and gain is up to $750,000
Answer: C. A couple has occupied for two of the last five years with the game up to $500,000
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All of the following are examples of trade secrets except:
a. a patent b. a product formula c. a product design d. manufacturing processes e. advertising plans
The Equal Credit Opportunity Act (ECOA) provides that
A) minorities and women be given special consideration in granting credit. B) individuals cannot be denied credit because of gender or minority status. C) the Federal Government guarantees loans made to minorities and women to encourage lending by financial institutions. D) financial institutions must meet a federal quota for loans to minorities and women, or lose federal deposit insurance protection.