On January 2, 2019, Tim loans his S corporation $10,000. By the end of 2019, Tim's stock basis is zero, and the basis in his note has been reduced to $8,000. During 2020, the company's operating income is $10,000. The company makes 2020 distributions of $8,000 to Tim. He reports a(n):

$2,000  long term capital gain

Explanation:

As per the data given in the question,

Stock basis = $10,000

At the end stock basis = 0

Basis reduced to = $8,000

Operating income = $10,000

Company makes distribution = $8,000

Here, The distribution will be reduced from stock basis

= $10,000 - $8,000

= $2,000 long term capital gain  

Hence, he states that it leaves $2,000 as stock basis.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.