Stan sells a piece of land he used in his auto repair business at a gain of $9,000 in 2017 . In addition, Stan sells equipment he purchased in 2012 for $8,000 . He paid $20,000 for the equipment that had an adjusted basis of $12,000 when it was sold. He also sells some stock in 2017 at a loss of $11,000 . No losses on the disposition of assets were recognized in prior years. The effect of these
transactions on Stan's 2017 taxable income is:
a. Decrease of $6,000.
b. Decrease of $3,000.
c. Increase of $6,000.
d. Zero, with a long-term capital loss carryback of $2,000.
e. Zero, with a long-term capital loss carryback of $6,000.
b
Business
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Indicate whether the statement is true or false
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The ________ requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits,
including sick leave and disability benefits, health and medical insurance. A) Family and Medical Leave Act B) Pregnancy Discrimination Act C) Comprehensive Omnibus Budget Reconciliation Act D) American Disabilities Act
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