Question

Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009 for $200,000. What is the amount that Anne realized on the sale?

a) $272,600
b) $272,000
c) $290,000
d) $307,400

Answer 1

Anne realized $272,600 from the sale of her home after deducting selling expenses of $17,400 from the $290,000 sale price.

Step-by-step explanation:

The student is asking about calculating the amount realized on the sale of a home. Anne sold her home for $290,000, and she had selling expenses of $17,400. To find the amount realized, we subtract the selling expenses from the sale price of the home. Anne realized $272,600 from the sale of her home after deducting selling expenses of $17,400 from the $290,000 sale price.

Amount Realized = Sale Price - Selling Expenses

Amount Realized = $290,000 - $17,400

Amount Realized = $272,600

Therefore, the correct answer is a) $272,600.