Assessment >> Online Examination Assessment: Income Tax Planning Exam (C252V20U0L1A35Q100) Time Started: Sep 122022 6:32PM ET Time Limit: 180 Minutes Questions Answered: 38 Questions Flagged for Review: 0 Question Number: 39 of 100 Note:If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 39. Kevin owns a country property that he purchased in 1967 for $30,000. The property was worth $25,000 at the end of 1971 ; he sold it this year for $155,000. Kevin does not use the principal residence exemption on this property, Using the tax-free zone method, what will be his taxable capital gain? a) $62,500 b) $65,000 c) $83,333 d) $130,000 Assessment >> Online Examination Assessment: Income Tax Planning Exam (C252V20U0L1A35Q100) Time Started: Sep 122022 6:32PM ET Time Limit: 180 Minutes Questions Answered: 38 Questions Flagged for Review: 0 Question Number: 39 of 100 Note:If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 39. Kevin owns a country property that he purchased in 1967 for $30,000. The property was worth $25,000 at the end of 1971 ; he sold it this year for $155,000. Kevin does not use the principal residence exemption on this property, Using the tax-free zone method, what will be his taxable capital gain? a) $62,500 b) $65,000 c) $83,333 d) $130,000