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amid [387]
3 years ago
10

Rhonda has an adjusted basis and an at-risk amount of $7,500 in a passive activity at the beginning of the year. She also has a

suspended passive activity loss of $1,500 carried over from the prior year. During the current year, she has a loss of $12,000 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda’s passive activity as of the end of the year.
At year-end, Rhonda has the following:

a. Adjusted basis in the passive activity: $0

b. Loss suspended under the at-risk rules: $4500

c. Suspended passive activity loss: $______
Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

c. $9,000

Explanation:

a. Adjusted basis in the passive activity: $0

b. Rhonda is facing a net loss of $12,000 from passive operation.

Since it uses $7,500 of the loss to. the total at risk to $0.

c. This year passive loss suspended $7,500

The loss suspended in the prior year is $1,500

So, Therefore, the suspended passive loss passed over to the following years total $9,000

Now, Suspended passive loss $9,000 ($7,500 suspended loss in current year + $1,500 suspended loss in the previous year)

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Answer:

1.30

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The predetermined overhead rate

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= 1.3

This means that the company will incur an overhead cost of $1.30 for every $1 spent on direct materials.

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A client with a skin infection reports an itching sensation associated with pain at the site of infection. The assessment findin
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This patient could possible have <em>Tinea Pedis</em>

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3 years ago
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There are three elements in any integrated marketing communication strategy: the ________, the channels through which the messag
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Answer:

The consumer being evaluated

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3 years ago
Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021,
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Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

= ($473,000 - $503,000) ÷ ($503,000)

= -5.96% decrease

b .For 2021 to 2022

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2 years ago
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Given

Consumption = (10 x 30) = 300

Investment = (100 x 2) = 200

Government Spending = (500 x 1) =500

13. Total GDP for this economy = Consumption + Investment+ Government spending

=(10 x 30) + (100 x 2) + (500 x 1)

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14. Consumption % on GDP

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=50%

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3 years ago
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