The maximum amount of gain that may be excluded from taxation on the sale of a principal residence for a married couple filing a joint return is

A) 500,000
B) 500,000 but only if they acquire a replacement residence within two years
C) 250,000

Answer: A) 500,000

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Entertainment Software Association would like to test if the median age of "gamers" (those that routinely play video games) is more than 30 years old. The following table summarizes the ages of a random sample of gamers

Age Number of GamersBelow 30 12Equal to 30 4More than 30 30The appropriate nonparametric procedure for this analysis is the _________________ test.A) Wilcoxon signed-rank B) Kruskal-Wallis C) Wilcoxon rank-sum D) sign

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If yearly insurance premiums are increased, this change in fixed costs will result in an increase in the break-even point

Indicate whether the statement is true or false

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