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:
Answer:
forgo interest = $30
interest = $75
Explanation:
given data
annual interest = 2%
current balance = $4,500
borrow = $1,500
annual interest rate = 5 percent
to find out
how much interest would she forgo and how much will she pay in interest
solution
first we get here Forgo interest that is here
forgo interest = withdrawal amount × interest rate ..........................1
put here value we get
forgo interest = $1500 × 2%
forgo interest = $30
and
now w get here pay in interest that is
interest = amount borrow × interest rate ..........................2
put here value we get
interest = $1500 × 5%
interest = $75
After losing all of this distribution, one option for it might have been a form of nonstore retailing that uses machines to offer goods for sale. This is an example of automatic vending.
Right here are the styles of retailing that exist these days – save retailing: This includes different forms of retail stores like branch shops, specialty shops, supermarkets, comfort shops, catalog showrooms, drug shops, superstores, discount stores, excessive cost stores, and so forth.
The retailing concept is an idea that examines the evolution of and transformation of the retail lifestyles cycle. This concept was first introduced by using Professor McNair from Harvard College. The retailing idea indicates new retailers will generally begin with low-value and occasional-margin operations.
Retail is the sale of products and services to purchasers, in comparison to wholesaling, that is sales to business or institutional clients. A store purchases goods in massive quantities from manufacturers, without delay or via a wholesaler, after which sells in smaller quantities to purchasers for a profit.
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<span>Workers typically get dirty if they work at a job site for Landfills, Construction sites or in Slaughter Houses</span>
Answer:
The balance in stockholders' equity at the end of year 2 is $31,000
Explanation:
For computing the balance in stockholder equity at the end of year 2, first, we have to compute the balance for year 1 which is shown below:
Year 1 equity balance = Issue of stock + Net income
= $20,000 + $5,000
= $25,000
Now, year 2 balance would equal to
= Year 1 balance + Net income - Dividend paid
= $25,000 + $10,000 - $4,000
= $31,000
Hence, the balance in stockholders' equity at the end of year 2 is $31,000
