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NEW QUESTION: 1
In 2004, your Uncle Oscar purchased 300 shares of Hasbro, Inc. for $19 a share. Uncle Oscar died earlier
year and left his Hasbro stock to you. The stock was selling for $44 on the day he died, but by the time
you learned that you were the beneficiary of the stock, the price was $47. A month later, you notice that
the stock is selling for $55 and decide to sell it. What is the tax consequence of this sale to you?
A. $10,800, taxed as long-term capital gain income
B. $3,300, taxed as long-term capital gain income
C. None of the above is the correct tax consequence of this sale.
D. $2,400 taxed as short-term capital gain income
Answer: B
Explanation:
If you sell Hasbro stock for $55 and it was selling for $44 on the day that your uncle died, the
sale will result in $3,300 of taxable income, taxed to you as long-term capital gain income. Your cost basis
is the price at which the stock was selling on the day your uncle died, $44, so your gain on the sale is ($55
- $44) x 300 shares = $3,300. Although you owned the stock for only a month, the IRS stipulates that
capital gain (or loss) earned on the disposition of inherited investment property will be considered to be
long-term capital gain, regardless of how long it is held by the beneficiary prior to its sale.

NEW QUESTION: 2
DRAG DROP
You manage an application that runs across multiple regions. The application processes sensitive data and is secured using SSL offloading.
When users request data, the data must come from the endpoint in their region. Data between Azure resources must not traverse the Internet.
You need to recommend networking options for the application.
What should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

NEW QUESTION: 3
In which case is it necessary to install an IBM Worklight server?
A. if the application does not use native notifications
B. if the application is a shell that uses a web view to render all markup from the IBM WebSphere Portal site
C. if providing device provisioning
D. if planning to allow anonymous access
Answer: D

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