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