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.
Answer:
Yes the absolute privilege for communications made in judicial or other official proceedings apply to statements made when a citizen contracts the police to report suspected criminal activity
Explanation:
Absolute priviledge for communication is the provision that covers a person from legal action on grounds of defamation for statements made. Under certain circumstances a person can make defamatory statements and be immune from legal action.
In this scenario Lydia Harberg went to California Federal Bank to cash a check that was suspected to be fake.
Nolene Showalter contacted SB to confirm. Based on the information provided at that time, the check was confirmed to be fake. The implication was that a fraud was being perpetrated.
So his action of calling the police is justified. SB only verified they gave out wrong information the first time
Answer:
The time value of money is used to determine the fair value of the transaction ( B )
Explanation:
If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.
therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money
Answer:
total net income = $109,000
Explanation:
given data
Blake receive = $103,000
Matthew capital account is credited = $3,000
solution
we know that both partner get equal part in remaining loss or income
so here Blake get $3,000 as share of the net income
so that here net income for the period, that will Blake's salary allowance + amount shared in both persons of net income
as that
total net income = $103,000 + $3,000 +$3,000
total net income = $109,000
Answer:
False
Explanation:
There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.
But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:
- directive: type of autocratic leadership where the leader decides everything by himself/herself
- conceptual: look for different alternatives and analyze each one of them
- consultative: seek advice from colleagues and subordinates, but the leader makes the decision
- consensus: seek advice from others and decisions are made by the group
The second part of the question is true; this leadership styles vary across countries, occupations and job levels.
