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  1. business
  2. accounting
  3. a single taxpayer may a.) not exclude from current

A single taxpayer may a.) not exclude from current income any of the capital gains...

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Accounting

A single taxpayer may

a.) not exclude from current income any of the capital gains on the sale of a home

b.) exclude up to $250,000 of the capital gain every time he or she sells a home as long as they have lived in the home for a period of two years

c.) exclude up to $250,000 of the capital gain every time he or she sells a home only if they are at least 55 years of age

d.) exclude all of the capital gain on the sale of a home; however, this exclusion may only be taken once in a lifetime

Your monthly house payments should not exceed

a.) 25% of your take home per month

b.) 33% of your monthly gross income

c.) 2.5 times your annual income

d.) 33% of your monthly take home pay

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