Nate is a salesman for a real estate developer. His employer permits him (and only him) to purchase a lot for $75,000. The normal purchase price is $90,000. Six months after the purchase, the property is worth $100,000

What is Nate's reportable income from the purchase?

Question 22 options:

a)	I really do not know, I skipped chapter 4

b)

$15,000

c)

$0

d)

$25,000

e)	It really depends on how the stock market is doing.