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Finger [1]
3 years ago
14

Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business income of $394,000 and bus

iness deductions of $689,500, resulting in a loss of $295,500. What are the implications of this business loss?
Tim has an excess business loss of $_________.


Can this business loss be used to offset other income that Tim reports? If so, how much? If not, what happens to the loss?


Tim may use $____________ of the $295,500 LLC business loss, to offset nonbusiness income . The excess business loss is treated as part of Tim's NOL carryforward .

Business
1 answer:
Allushta [10]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in athe following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Arte-miy333 [17]

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A

Explanation:

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Determine whether the following statement is true or false, and explain your reasoning:
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Answer:

The statement is true

Explanation:

As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.

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3 years ago
Consider the multi-factor APT with two factors. The risk premiums on the factor 1 and factor 2 portfolios are respectively 5% an
Llana [10]

Answer:

Option (B) 5.5%

Explanation:

Data provided in the question :

Factor             Risk premium

Factor 1               5%

Factor 2              3%

Beta of stock A on factor 1 = 1.4

Beta of stock A on factor 2 = 0.5

Expected return = 14%

Now,

Expected return

= Risk free rate + (Beta of factor 1 × Risk premium of factor 1) + (Beta of factor 2 × Risk premium of factor 2)

or

14% = Risk free rate + (1.4 × 5%) + (0.5 × 3%)

or

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or

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Hence,

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6 0
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DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
Talja [164]

Answer: add this flight because marginal revenue exceeds marginal costs.

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adoni [48]

Answer:

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