Answer:
d. $60,000
Explanation:
As per passive income rules, As stated under Internal Revenue Service is a kind of statement that allows to set off the passive loss as against passive income only.
There is no rule which permits to set it off against ordinary income.
Therefore, the details in the given instance are:
Loss of 2015 = ($80,000)
Income in 2016 = $20,000
Loss at the end of 2016 = ($60,000)
This because from the income in 2016 amounting $20,000 the loss of $20,000 is set off.
1) Not sure but I think A
2) D
3) A
Answer:
The choices provided are:
True or False.
The answer is True.
Explanation:
The informal economy refers to the various set of economic activities, jobs, and workers that are not regulated by the government. Therefore informal labor refers to people who are self-employed, and usually in small unregistered enterprises. Informal workers also do no pay taxes on their earnings. For example, when someone makes lemonade at home, and sells outside an office building.
Therefore we can conclude that informal labor is part of every country's economy. Their activities may not be included in the calculation of GDP but it is well known to the Government that informal labor exists. The Government knows that people are engaged in one small business or the other as a means of making a living and also a way to avoid committing crimes to make ends meet.
Answer:
Yes, it did because since toilet paper start being taken away from all the markets people started to take other items just in cause.=)
Explanation:
