Answer:
Kipp would NOT deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations
Explanation:
Kipp would not deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations because NO losses are deductible in either of the year due to the fact that activity is passive and he owns no passive income- producing investments because had it been the passive loss rules not applied, the at-risk rules would have limited the deduction to $65,000 over the two-year period.
Answer:
I don't understand what you wrote
Explanation:
please reply sir
Answer:
$1,779.90
Explanation:
Formula for finding the amount he has to save, this formula would be used :
Amount = FV / annuity factor
Annuity factor = [(1 + r)^n - 1 / r]
FV = Future value = $5920
n = number of years = 3
i = interest rate = 10.5
Annuity factor = (1.105^3 - 1 ) / 0.105 = 3.326025
$5920 / 3.326025 = $1,779.90
Answer:
D. Lily because her final cost, including finance charges, is less than Veronique’s.
Explanation:
just took the pre test
