During the year, Tamara had capital transactions resulting in gains (losses) as follows: • Sold stock in ABC Company (acquired two years ago)($1,500) • Sold collectible coins (held for more than one year)$2,000 • Sold stock in XYZ Company (acquired six months ago)($4,100) • Sold stock in LMN Company (acquired three years ago)$500 a. As a result of these transactions, Tamara has an overall net short-term capital loss of $ . b. Is the amount of her overall net gain or loss limited this year? c. If "Yes", what is the limit. If "No", enter"0". $

a. Tamara has an overall net short-term capital loss of $3,100

b. Yes

c. The limit is $3,000

Explanation:

a. In order to calculate the overall net short-term capital loss we would have to make the following calculation:

overall net short-term capital loss= -$4100+($2,000-$1,500+$500)

overall net short-term capital loss= -$3,100

Tamara has an overall net short-term capital loss of $3,100

b. According to the calculation of the overall net short-term capital the amount of her overall net loss is yes limited this year

c. According to the tax federal law, the limit is $3,000

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.