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Which of the following exemplifies a sale under threat of
condemnation?

Greg sold his property after Your City Health Department posted
a notice on his bungalow stating his property was unfit for human
use and would be condemned unless repairs were made in 60 days.

Jeff heard rumors that a major department store chain was
building a store somewhere in his area, and the local government
would eventually be condemning property in order to acquire land
for the store. Jeff has not been officially notified of any pending
action.

Frank sells his land after receiving notification from the
county that his property is being acquired by the county to build a
new road to alleviate traffic congestion.

Grace sells her property closely associated with her neighbor’s
condemned property because her property was used in conjunction
with her neighbor’s property.

What is the maximum amount of social security benefits that may
be included in gross income?

100%.

95%.

90%.

85%.

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