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Rudik [331]
3 years ago
10

Pedro owns a 50% interest in a limited partnership that operates an apartment complex. During the current year, the partnership

generates a taxable rental loss of $42,000. Pedro's other sources of income are a salary of $55,000 and an interest of $18,000. How much of the rental loss can Pedro deduct from his other sources of income
Business
1 answer:
True [87]3 years ago
8 0

Answer:

Pedro can deduct $13,000 from his other income sources and his allowable loss is $0

Explanation:

Solution

Recall that:

Pedro has an interest of 50% in  s limited partnership

In the present year the partnership produces a taxable rental loss of =$42,000

The other sources of income for Pedro is = $55,000 salary

Interest rate = $18,000

The next step to take is to find the rental loss Pedro can deduct from his other sources of income

Thus,

We have to subtract his Other sources of income from The rental loss generated which i stated below:

Other income sources - Rental loss generated

$55,000 - $42000 = $13,000

Both note that the loss from the partnership can be adjusted with salary

So,

The salary loss can be set out with partnership loss

Therefore, Pedro can deduct $13,000 from his other income  sources and his allowable loss is $0

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<h3>What is a bond?</h3>

It should be noted that bonds are securities that can be readily bought and sold.

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3 years ago
The crossover point is that production quantity where: _________
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The crossover point is that production quantity where total costs for one process equal total costs for another process. Hence, option D is correct.

<h3>What is crossover point?</h3>

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All options are missing firm the question-

a. variable costs of one process equal the variable costs of another process.

b. fixed costs of a process are equal to its variable costs.

c. total costs equal total revenues for a process.

d. total costs for one process equal total costs for another process.

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2 years ago
You want to invest $50,000 in a portfolio with a beta of no more than 1.4 and an expected return of 12.4%. Bay Corp. has a beta
IRISSAK [1]

Answer:

Assume the weight to be invested in Bay Corp is x. That means (1 - x) will be the weight for City Inc. The expression for the expected return will be;

(x * 11.2%) + ( (1 - x) * 14.8%) = 12.4%

0.112x + 0.148 - 0.148x = 0.124

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x = 0.67

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Amount in Bay Corp.;

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3 years ago
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following a
Mariana [72]

Answer:

b. Liabilities assumed, at book value.

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