Shannon, a single taxpayer, has a long-term capital loss of $7,000 on the sale of bonds in 2018 and no other capital gains or losses. her taxable income without this transaction is $47,000. what is her taxable income considering this capital loss?

taxable income consider capital loss is  $44000

Explanation:

given data

capital loss = $7000

net income = $47000

to find out

taxable income consider capital loss

solution

we know here that in account maximum of $3000 loss deducted by taxable income so

here

taxable income consider capital loss = net income - max loss deduction

put here value

taxable income consider capital loss = 47000 - 3000

taxable income consider capital loss = 44000

so taxable income consider capital loss is  $44000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

a government agency or homeowner.- third choice