Monty loaned his friend ned $20,000 three years ago. ned signed a note and made payments on the loan. last year, when the remaining balance was $11,000, ned filed for bankruptcy and notified monty that he would be unable to pay the balance on the loan. monty treated the $11,000 as a nonbusiness bad debt. last year, before considering the tax implications of the nonbusiness bad debt, monty had capital gains of $9,000 and taxable income of $45,000. during the current year, ned paid monty $10,000 in satisfaction of the debt. determine monty’s tax treatment for the $10,000 received in the current year.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer(d) all of the choices are correct;