D a diplomat from peru is transferred to the peruvian


D, a diplomat from Peru, is transferred to the Peruvian consulate in Miami, Florida, for a 5 year stay beginning January 1, 2013. On January 10, 2013, D acquires 1,000 shares of FlaCo, a Florida Corporation, for $10,000 and because FlaCo obtains patent approval on a significant invention later that year, D, on December 12, 2015, sells the FlaCo shares for $110,000, receiving a profit of $100,000. D's U.S. income tax liability in connection with this $100,000 will be:

a) $39,600

b) $0

c) $28,000

d) $30,000

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Financial Accounting: D a diplomat from peru is transferred to the peruvian
Reference No:- TGS01070676

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