Answer:
d. $60,000
Explanation:
As per passive income rules, As stated under Internal Revenue Service is a kind of statement that allows to set off the passive loss as against passive income only.
There is no rule which permits to set it off against ordinary income.
Therefore, the details in the given instance are:
Loss of 2015 = ($80,000)
Income in 2016 = $20,000
Loss at the end of 2016 = ($60,000)
This because from the income in 2016 amounting $20,000 the loss of $20,000 is set off.
Answer:
a. Conceptual
Explanation:
Conceptual skills -
It refers to the type of skills , which enables to visualize the abstracts and drawing , in order to obtain the relation between them , is referred to as conceptual skills.
Conceptual skills are very important in order to have an idea about abstracts and to complete creative tasks.
The method is adapted in order to plan form a project in avery efficient and creative manner .
Hence, from the given scenario of the question,
The correct term is a. conceptual skills.
Answer:
Total period costs= $12,500
Explanation:
iving the following information:
Salaries for assembly workers $32,000
Cost of materials $1,400
Lubricants for machines $680
Accountant’s salary $4,600
Factory supervisor’s salary $4,700
Sales commissions $3,200
Period costs are not directly tied to the production process.
Period costs:
Accountant’s salary $4,600
Factory supervisor’s salary $4,700
Sales commissions $3,200
Total period costs= 12,500
They show for a few days or months
