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boyakko [2]
3 years ago
8

Melinda earns wages of $80,000, income from a limited partnership of $10,000, and a $30,000 passive activity loss from a real es

tate rental activity in which she actively participates. Her modified adjusted gross income is $80,000. Of the $30,000 loss, Melinda may deduct:
Business
1 answer:
Aliun [14]3 years ago
6 0

Answer:

Melinda may deduct is $30,000

Explanation:

given data

income = $80,000

limited partnership loss = $10,000

gross income = $80,000

loss = $30,000

solution

we know that here entire loss will be deducted

so as  $10,000 loss is deducted form income from limited partnership

and balance is $20,000 from salary income

because she actively participates in the activity

so Melinda may deduct is $30,000

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Answer:

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Explanation:

Contingent liabilities must be recorded only when it is probable that the liability will happen and you can estimate the associated costs.

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Goryan [66]
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Fill in the blanks: The plan you present during the advise phase of your inbound sales strategy closes the gap between _______ a
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uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou
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Explanation:

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Answer:

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2.

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