Answer:
A and C are true. Happu thanksgiving
Answer:
B) reports AGI of $90,000 with a $10,000 passive loss carryover.
Explanation:
regular business income $90,000
passive income:
- Activity A: $20,000 gain
- Activity B: $30,000 loss
Mark's adjusted gross income will include the income from his normal business activities = $90,000. But he should also report the passive activities which result in a net loss of $10,000 (= $20,000 - $30,000 = -$10,000). This loss from his passive activities must be reported as passive loss carryover.
Answer:
your time
Explanation:
you didn't list the answers but if I was to take a guess I would say charge for time
Allows individuals to set up a retirement account at financial institutions to save money for retirement. Usually has a tax free growth or tax deferred basis.
Is this free answer or is there a multiple choice?
The statement "Both interest bearing and noninterest bearing notes bear interest." is true.
An interest-bearing note bears interest. The interest on a non-interest-bearing note is subtracted from the note's principal. So, the statement is true.
An interest-bearing note is a sum of money that a lender lends to a borrower, with interest accruing in line with the conditions of the contract.
A non-interest bearing note is a loan for which the borrower is not legally required "to pay the lender any interest" at all.
Both kinds of notes bear interest, hence the term "noninterest bearing" is misleading. Interest is deducted from a noninterest bearing note at the time the loan is made.
To learn more about noninterest bearing notes here
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