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NEW QUESTION: 1
Bubba buys a ten-year municipal and at 102 and sells it five years later at 101.
What is tax treatment?
A. no capital loss or income deduction is realized
B. the $10 loss is applied against future profits in municipal securities
C. the $10 loss is applied as a reduction against ordinary income
D. a $10 long-term capital loss is realized
Answer: A
Explanation:
Explanation/Reference:
Explanation: no capital loss or income deduction is realized. The $20 premium is amortized over the ten- year life of the bond. After five years, half of the premium has been written down. The remaining premium is the same as the premium received upon selling the bond. The sale at 101 results in no loss or gain.
NEW QUESTION: 2
Refer to the Exhibit.
What is the size of the EMC NetWorker synthetic full back up on Saturday?
A. 1.7 TB
B. 2.55 TB
C. 1.5 TB
D. 2.45 TB
Answer: C
NEW QUESTION: 3
Refer to the exhibit.
Which subnet mask will place all hosts on Network B in the same subnet with the least amount of wasted addresses?
A. 255.255.248.0
B. 255.255.254.0
C. 255.255.255.0
D. 255.255.252.0
Answer: B
Explanation:
310 hosts < 512 = 29 -> We need a subnet mask of 9 bits 0 -> 1111 1111.1111 1111.1111 1110.0000 0000 -> 255.255.254.0
