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
m_a_m_a [10]
3 years ago
5

Brad owns a small townhouse complex that generates a loss during the year.

Business
1 answer:
My name is Ann [436]3 years ago
7 0

Answer:

a. Brad might be allowed to deduct up to $25,000

or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.

b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000

Explanation:

Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.

You might be interested in
Evergreen Building, Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% prefe
FromTheMoon [43]

Answer:

Preferred dividends = $16500

Common dividends = $23500

Explanation:

given data

cash dividend = $40,000

share 5000 = $20 par

preferred stock = 6%

share = 10000

common stock = $15

preferred stock = $12,000

to find out

preferred and common stockholders

solution

Preferred stock dividends = 5000 × $15 × 6%

Preferred stock dividends = $4500

and

Preferred dividends = $4500 + $12000

Preferred dividends = $16500

and

Common dividends = $40,000 - $16500

Common dividends = $23500

8 0
3 years ago
What are the Taxes Paid for private/public limited company
Alex Ar [27]

Answer:

20%

Explanation:

Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.

7 0
3 years ago
Read 2 more answers
What were the economic consequences of apartheid in south africa? check all that apply. black citizens had a very low standard o
liberstina [14]

The economic consequences of apartheid in South Africa were like that the black citizens had a very low standard of living, Black citizens could not own private property. The economy had a stagnant growth rate.

Option A, C, and D are correct.

<h3>What was the consequence on the South Africa's economy ?</h3>

In South Africa, black people were oppressed primarily because of their skin color.

Owning a landed property, getting a good education, and landing excellent jobs were all challenging for black South Africans.

The government, on the other hand, worked hard to improve the economic situation of impoverished whites at the period.

The apartheid economy, according to Terence Moll's analysis, “failed.”

His research shows that apartheid in South Africa caused and perpetuated poverty for the majority of the country's history.

Therefore, option A, C, and D are correct.

Learn more about the economy, refer to:

brainly.com/question/2421251

6 0
2 years ago
Bellingham Company produced 1,800 units of product that required 2.5 standard direct labor hours per unit. The standard fixed ov
Ostrovityanka [42]

Answer: yes I did it was wrong lol I did already have the time for you to do something with your phone or your keyboard

Explanation:

Bm is not the day that I don’t55 think I can have yuuu on it for me

5 0
2 years ago
When writing letters to businesspeople in other cultures, what is the best way to reference numbers?
diamong [38]

Answer: Always convert dollar figures to local currencies

Explanation:

When writing letters to businesspeople in other cultures, the best way to reference numbers is to always convert dollar figures to local currencies.

This is necessary in order to have an easy comprehension and understanding of the numbers and also to know how much the number that is being referenced is worth in the local currency.

4 0
3 years ago
Other questions:
  • When a case is appealed, the court of appeals decides the case solely based upon?
    14·1 answer
  • Which of the following is part of the professional support services area?
    15·1 answer
  • Wesimann Co. issued 15-year bonds a year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments and have a par
    11·1 answer
  • Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both ha
    7·1 answer
  • In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of
    6·1 answer
  • MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are
    13·1 answer
  • What are the types of model risk
    14·1 answer
  • Why might Robert choose to attend a technical school rather than a four-year university?
    5·1 answer
  • Why do cats meow? I think I want to be a cat.
    9·2 answers
  • The federal and most state judicial branches have at least these three levels in the court system:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!