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Wewaii [24]
3 years ago
14

Rhonda has an adjusted basis and an at-risk amount of $25,600 in a passive activity at the beginning of the year. She also has a

suspended passive activity loss of $5,120 carried over from the prior year. During the current year, she has a loss of $40,960 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year.
At year-end, Rhonda has the following:

a. Adjusted basis in the passive activity: ______$0
b. Loss suspended under the at-risk rules: _____$4500
c. Suspended passive activity loss: $______
Business
1 answer:
aliya0001 [1]3 years ago
5 0

Answer:

a) Ending adjusted basis and at-risk amount $ 0

(b)The current passive loss is $12,000. Because $7,500 of the loss is used to reduce

the at-risk amount to $0, $4,500 is suspended under the at-risk rules ($12,000 − $7,500 = $4,500).

(c) The $7,500 loss that is not limited by the at-risk rules is subject to the passive loss

rules. Because the taxpayer has not generated any passive income during the year, this $7,500 current-year passive loss is suspended. Therefore, the total suspended passive loss carried forward to subsequent years totals $9,000 ($7,500 current-year suspended loss + $1,500 prior year suspended loss).

Explanation:

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Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break in
FinnZ [79.3K]

Answer:

By acting or posing as a waste management collector looking to fix the dumpster or collect the debris

Explanation:

The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime

Cyber crime

This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.

Computer fraud

This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.

Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.

4 0
3 years ago
For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event
anygoal [31]

Oct 13........................No Journal Entry Required

Oct 17.                            Cash..........................................DR            $107

                                                  To Accounts Receivable........................................   $107

(Being cash received by Accounts Receivable)

Oct 22.                          Inventory....................................DR             $1145

                                        To Accounts Payables..........................................        $1145

(Being Purchases made of Chairs and Oil Supplies)

Oct                              Accounts Payable...........................DR            $1145

                                             To Cash............................................................           $1145

(Being Cash paid for purchases made)


7 0
3 years ago
Which of the following does NOT provide for incentives based on standards that are expressed in terms of time period per unit of
Lisa [10]

Answer:

a. Merrick System

Explanation:

Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production

6 0
3 years ago
Asceticism in ancient Indian religion
Mashutka [201]

Asceticism in ancient Indian religion Served as a substitute for sacrificial practices as a means to placate and communicate with the gods.

Explanation:

Asceticism, the practice of rejecting physical or mental impulses to fulfill a moral purpose or goal. Asceticism is the form of self-discipline, self-denial or self-retention to accomplish a particular goal.

No other faith was at least lacking signs or certain characteristics of asceticism. This goal may be a tangible one, but it is metaphysical most often.

Those who follow ascetically practices are often viewed as noble and pursued in the pursuit of greater spirituality. Most ascetics claim that washing the body helps cleanse the spirit, thus gaining a greater link to the Divine or seeking inner peace.

6 0
3 years ago
Sunland Company accumulates the following data concerning a proposed capital investment: cash cost $208,780, net annual cash flo
siniylev [52]

The net present value is 12,100. The investment should be made because NPV is positive

The present value of an investment's after-tax cash flows is known as the investment's net present value.

Businesses can make decisions using the NPV technique. It aids in not only comparing projects of the same size but also in determining whether a given investment is profitable or not.

While the net present value has advantages such as taking time worth of money into an account and assisting management in making better decisions, it also has drawbacks such as not taking hidden costs into account and being unable to be utilized by the company to compare projects of various sizes.

NPV =( Net annual cash flows x present value factor)  - cost

NPV =  (44,000 x 5,02 ) - $208,780 = 12,100

To know more about net present value refer to:  brainly.com/question/17162144

#SPJ1

3 0
2 years ago
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