For every $100 set aside in a flexible spending account, taxable income is reduced by

A) $10.
B) $25.
C) $50.
D) $100.
E) not enough information available.

Answer: D

Business

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a. The mortgagor b. The mortgagee c. The new buyer of the property d. The investor who purchases the note and mortgage

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If a stock was purchased in January 2014 for $1,000 and sold in December 2015 for $3,000, a ________ of $2,000 results

A) long-term capital gain B) short-term capital gain C) long-term capital loss D) short-term capital loss

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