Answer:
$250,000 and $500,000
Explanation:
According to the tax laws there is annual limit on Loss deductions relating the amount of business loss that can be deducted in a year.
The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.
Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000
A person must frequently discover the complexity of his or her financial situation.
Cross sectional analysis involves the comparison of different firms' financial ratios at the same point in time.
Explanation:
Cross sectional analysis is that analysis where the comparison is done between different firms' financial ratios. Cross analysis is important in business because it does various research so that data can be collected based on many variables at a particular point of time.
Cross sectional analysis is mainly preformed in industries as well as performed during marketing research to verify the truth or false related to various assumptions. Cross sectional analysis is mainly quantitative or it can be mixed method.
A democratic leader shares the decision-making and most of the problem solving
Answer:
I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.