1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lilavasa [31]
3 years ago
11

5. Josh has investments in two passive activities. Activity A (acquired three years ago) produces income of $30,000 this year, w

hile Activity B (acquired two years ago) produces a loss of $50,000. What are the amounts of Josh’s deductible loss and suspended loss for the year?
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer: $30 000 loss is deductible, $20 000 is suspended

Explanation:

Passive losses are only deducted from passive income. deduction is limited to $500 000 for jointly married couples and $250 000 single tax payers.

Passive income is $30 000, therefore $ 30 000 out of the $50 000 loss is deductible, the suspended loss is $20 000

You might be interested in
What are the hardest gymnastics skills... give me two please
inessss [21]
Double standing backflip and handspring to turbine-turner
6 0
3 years ago
During which phase does an employee returning from a foreign assignment experience culture shock in reverse?
weeeeeb [17]
The correct answer is repatriation. 
A person who has been sent to work in another country might have a hard time adjusting to his original country once he or she returns. This is because you assimilate into that new culture, and when you go home, you have to readjust again in order to assimilate back into your former culture.
8 0
4 years ago
The manager of a company notices that the company's total revenue would increase if she raised the price of the company's produc
guajiro [1.7K]

Answer:

The answer is inelastic.

Explanation:

Elasticity is the degree of responsiveness of a change in one variable to a change in the other variable.

A good ir service is said to be inelastic if the change in quantity demanded is negligible when the price of the goods or services change i.e the change is not sensitive to price. Mostly, the goods or services in this category are considered to be a neccesity. So if the price increases, consumers will have no choice than to buy it.

6 0
4 years ago
Entrepreneurs use distributors to purchase resources and invest in the production of goods. True or false?.
ANEK [815]

Entrepreneurs do not use distributors to purchase resources and invest in the production of goods so this statement is FALSE.

<h3>How do Entrepreneurs purchase resources?</h3>

Entrepreneurs are able to invest in the production of the goods and services they provide by using their own funds and liability.

They do not use distributors but rather foot the bills as well as getting loans to be able to engage in the purchase of resources.

Find out more on Entrepreneurship at brainly.com/question/13628349

#SPJ1

4 0
2 years ago
Llcrys Corp. writes 52 checks a day for an average amount of $461 each. These checks generally clear the bank 2.5 days after the
valentina_108 [34]

Answer:

$10,146

Explanation:

Llcrys Corp

Disbursment float = Checks ×average amount × numbers of clearing days

Disbursement float = 52× $461 × 2.5

Disbursement float = $59,930

Collection float = Checks ×average amount × numbers of average days

Collection float = 49 × $508× 2.00

Collection float = $49,784

Hence:

Disbursement float - Collection float

= $59,930 − $49,784

= $10,146

This is a DISBURSEMENT FLOAT of $10,146

7 0
3 years ago
Other questions:
  • The founder of ABC​ Corp., who had only an​ eighth-grade education, built his company into a multinational success. He often tal
    5·1 answer
  • The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo
    12·1 answer
  • The net income of edwards corporation amounted to $74,000 for this year. the beginning balance ofâ stockholders' equity was $31,
    6·1 answer
  • Gross Domestic Product (GDP) is:
    12·1 answer
  • Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000
    12·1 answer
  • Marketing is a subset of advertising.<br><br> True<br> False
    9·1 answer
  • Haley just graduated from college. She accepted a position with a firm at an annual salary of $38400. Using HUD guidelines, what
    14·1 answer
  • Manufacturing cycle time is best defined as the: length of the work shift, expressed in minutes per day. time it takes a unit to
    13·1 answer
  • 1. What is public relations? Give an example of a public relations activity.
    7·1 answer
  • Explain the required steps to complete a work sheet by placing the following steps in the correct order. (Put the first step at
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!