The taxpayer net capital gain

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1. An unmarried taxpayer sells the following capital assets during the year.

Property# Date Acquired Date Sold Sales Price Adjusted Basis

1 6/4/16 4/6/17 $15,000 $14,000

2 1/8/15 12/15/17 25,000 17,000

3 2/9/16 4/8/17 2,000 5,000

The taxpayer's net capital gain is:

A. $9,000.

B. $8,000.

C. $5,000.

D. $6,000.

E. None of the above

2. An employer has 14 full-time equivalent (FTE) employees whose average wages are $24,000. The employer pays $208,000 in 2017, which is 80% of its employees' eligible health insurance premiums for the year. The employer's credit for small employer health insurance premiums is:

A. $104,000

B. $44,571

C. $76,265 

D. $59,429

E. $27,735

Reference no: EM132028597

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