Regulatory environment.
This environmental force would be the first step for Kenneth to be able to issue cards through US banks. A regulated environment is an environment that has control rules that set the operating guidelines in an enterprise to produce effective goods and services. These guidelines are instituted by various institutions such as the government, regulators and companies.
Answer:
Marc's Adjusted gross income (AGI) for the current year is $32,000
Explanation:
Adjusted Gross Income (AGI): is the net income realized after deduction all the adjustments that reduce the total amount of the gross income. AGI is used mainly for calculation of tax returns, that is it is used to calculate what the actual tax should be based on what you really earn after adjustments.
In our example, the incomes within the current year are; ordinary income and short term capital gains. we do not use long term capital gains because they are gains on investments realized later than one year, and we are interested in the current year, while the adjustment to be deducted is the short term capital losses ($6,000). Hence;
AGI = (ordinary income + short term capital gain) - short term capital losses
AGI = (35,000 + 3000) - 6,000 = $32,000.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
I believe they encourage people to Save More
Answer:
c. Partnership losses may be carried forward indefinitely.
Explanation:
Regarding taxes, the IRS treats partnerships as pass through entities, therefore, if the partners are not able to use the partnership's loss (or losses) to offset any tax basis in their current income statements, they can carry them forward indefinitely (at least theoretically). This can be done until their tax basis is sufficient to offset the losses generated by the partnership.