1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grin007 [14]
3 years ago
5

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addi

tion, Rubio’s share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $5,000, and he had $40,000 in wage income and $10,000 in long-term capital gains.
. How much of Rubio’s $22,000 loss is allowed considering only the tax basis loss limitations?


How much of the loss from part (a) is allowed under the at-risk limitations?


ow much of Rubio’s $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

You might be interested in
If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?
Ghella [55]
What are the answer choices
3 0
3 years ago
Read 2 more answers
A student wants to determine what type of cereal his classmates like best. he buys three of his favorite puffed rice cereals and
FrozenT [24]

The answer is D The students conclusion shows experimental bias

3 0
3 years ago
Goods sold On cash Rs 5000 make journal entries<br>​
maks197457 [2]

Answer:

and id

Explanation:

you are very nice

6 0
3 years ago
Taussig Snow Removal's cost formula for its vehicle operating cost is $1,880 per month plus $394 per snow-day. For the month of
arsen [322]

Answer:

$394 U

Explanation:

Calculation for the activity variance for vehicle operating cost in February would be

First step is to calculate the Flexible budget

Flexible budget= $1,880 + ($394 × 14)

Flexible budget=$7,396

Second step is to calculate the Planning budget

Planning budget= $1,880 + ($394 × 13)

Planning budget=$7,002

Last step is to calculate the activity variance for vehicle operating cost in Februar

Activity variance=Flexible budget $7,396-Planning budget $7,002

Activity variance=$394 U

Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.

3 0
3 years ago
Both faith and business can bring humans together in progress and security, and yet both can also create divisions and sow the s
AysviL [449]

Answer:

If by Dark Ages, we mean the Middle Ages, then, one can safely say that business did more to bring the dark ages to an end and restore the world to civilization and progress.

The Middle Ages represented a decline in several areas, especially trade, when compared with classical antiquity (Ancient Greece and Rome).

By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.

With time, more cities became trade hubs, and this prompted economic development. Businesses grew, science and technological progress increased, and in general terms, civilization advanced more quickly in a few centuries than in the past millenia.

3 0
3 years ago
Other questions:
  • Derby Inc. manufactures a product which contains a small part. The company has always purchased this motor from a supplier for $
    12·1 answer
  • How do product managers manage their product mix
    15·1 answer
  • Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
    12·1 answer
  • Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply.
    8·1 answer
  • annual property taxes are $1,776. the previous year's taxes are paid. if the closing is one May 1, what is the seller's portion
    5·1 answer
  • At the annual stockholders meeting, investors heard a presentation on the numerous challenges facing the company, including amon
    8·1 answer
  • Joseph is instructed by his employer, Helen, to go to the local donut shop during his lunch break and purchase six-dozen donuts
    5·1 answer
  • Arctic Air Inc. manufactures cooling units for commercial buildings. The price and cost of goods sold for each unit are as follo
    15·1 answer
  • Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
    11·1 answer
  • 2. What are mortgage brokers?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!