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atroni [7]
2 years ago
8

This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in re

al estate rental activities. Juan, her husband, works 250 hours in the real estate development business and 180 hours in the real estate rental business. Maria earns $60,000 as a computer consultant, while she and Juan lost $18,000 in the real estate development business and $26,000 in the real estate rental business. How should they treat the losses?
Business
1 answer:
Gnesinka [82]2 years ago
7 0

Answer:

$ 25000 can be deducted under the exception for real estate

Explanation:

of the $26,000 real estate passive activity loss generated, $ 25000 can be deducted under the exception for real estate. The limit is of special allowance of  $25000.

You might be interested in
An investment project provides cash inflows of $570 per year for eight years. What is the project payback period if the initial
vekshin1

Answer:

Invest. Cash Flow   Payback  

-$1,675   $570        2,94  

-$3,275   $570          5,75  

-$4,800   $570        8,42  

Explanation:

The payback period method gives the total time necessary to get back the money invested in a project considering the each year cash flows.

As here the Cash flow are the same each year only it's necessary to divide de amount invested by the annual cash flow expected.

Invest. Cash Flow   Payback  

-$1,675   $570        2,94  = $1,675/$570

-$3,275   $570          5,75   = $3,275/$570

-$4,800   $570        8,42   = $4,800/$570

6 0
3 years ago
Swiss Furniture Company manufactures bookshelves and uses an activityminusbased costing system. The following information is pro
telo118 [61]

Answer:

$12.40

Explanation:

Activity           Estimated Indirect       Allocation Base      Estimated Q. of

                      Activity Costs                                               Allocation Base

<u>Materials handling $7,700                Number of parts     7,350 parts </u>

<u>Assembling          $10,500                Number of parts     7,350 parts </u>

Packaging              $2,410                 Number of units     1,470 bookshelves

The direct materials cost per bookshelf is $39. What is the cost of materials handling and assembling per​ bookshelf?

materials handling cost per part = $7,700 / 7,350 parts = $1.05

assembling cost per part = $10,500 / 7,350 parts = $1.43

total cost per part = $2.48

cost per bookshelf = 5 x $2.48 = $12.40

6 0
3 years ago
Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
Neko [114]

Answer:

D. ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.

6 0
3 years ago
Cliff Co. wants to purchase a machine for $42,000, but needs to earn a return of 11%. The expected year-end net cash flows are $
grandymaker [24]

Answer:

54 percent

Explanation:

3 0
2 years ago
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
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