The loss can she deduct against ordinary income in the year is $5000.
<h3>How to calculate the loss?</h3>
AGI = $140000
Less: Allowable limit = $100000
Excess = $40000
50% of excess = $20000
Less: Net loss = $15000
Loss deduction = $5000
Therefore, the loss can she deduct against ordinary income in the year is $5000.
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}{y}[/tex]Answer:
For part A) The <u>entire 2019 is deductible.</u>
For part B) $9,075
Explanation:
FOR PARTE A) we know the equation is:
where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:
and the answer will be 24,200 which means the entire year is deductible.
FOR B) the equation to be used will be replaced by 24 (two years) and the number of month will be 9.
so the equation is:
the answer wil be $9,075
Answer:
$620.92
Explanation:
Present Value Paid at Maturity = Face Value / (Market Rate/ 100) ^ Number Payments
Present Value of Interest Payments = Payment Value * (1 - (Market Rate / 100) ^ -Number Payments) / Number Payments)
Present Value of Bond = Present Value Paid at Maturity + Present Value of Interest Payments
Answer:
1. FDA found rodent infestation in the Acme warehouses, between 1970 and 1972.
2. Mr. Park was warned about the problem severally and by reason of his position in the company, he failed to prevent or promptly correct the violation.
3. The instruction given by the judge impose a standard criminal liability and a fine of $500.
Becky wants an account that will let her spend her money as much and as often as she needs. <u>Checking Account</u>
A checking account allows a person to make as many withdrawals as may be necessary. They may or may not earn some interest on the balance.
Sanjay wants an account that will earn interest but still let him make withdrawals. <u>Interest (Dividend) Checking Accounts.</u>
Interest (Dividend) Checking Accounts offer combined features of a checking account and a savings account. The interest rate on the balance is higher than a regular checking accounts, but an individual can withdraw money without any penalties. This account requires that an individual maintain a higher minimum balance.
Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest. <u>Savings Accounts.</u>
Savings Accounts are interest bearing accounts and designed to encourage savings. Hence, withdrawals from such accounts may not be possible until a certain pre-agreed withdrawal date. Withdrawals before the pre-agreed date attract a large amount of penalty. Such accounts are usually used to build wealth.
