On June 2, Ashley purchased 100 shares of stock for $10,000. When it was worth $20,000, on December 25 of the same year, she gifted all the stock to her nephew, Richard. Richard sold the stock on the following May 15th, for its fair market value of $25,000. What is Richard's tax consequence?

		$5,000 short-term capital gain.
		$5,000 long-term capital gain.
		$15,000 short-term capital gain.
		$15,000 long-term capital gain.

Lori is an assistant to a patent lawyer and earns $50,000. She pays $500 per month on her mortgage, her home owners insurance is $800 per year, her property taxes are $1,000 per year, her utilities are $2,000 per year and she pays $4,000 in credit card bills each year. What is her housing ratio 1?

		15.6%
		18%
		23.6%
		27.6%