answer.
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
Anika [276]
2 years ago
15

Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,000 fr

om renting the home. His other sources of income during the year are a salary of $111,000 and $34,000 of long-term capital gains. How much of Anwer’s $8,000 rental loss can he deduct currently if he has no sources of passive income?
Business
1 answer:
Evgesh-ka [11]2 years ago
8 0

Solution:

(1) Maximum possible $25,000 deduction before phase-out

(2) Maximum deduction phase-out is $22,500

    [($145,000 AGI - 100,000) × 0.5]

(3) Current year overall loss $2,500 (1) - (2)

(4) Rental loss in current year $8,000

(5) Current year leasing deficit of 2,500 dollars, Lesser of (3) or (4)

Passive loss carry forward $5,500 (4) - (5)

You might be interested in
Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments o
fomenos

Answer:

The value of this liability today is $24,234,083.39...

5 0
1 year ago
A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid
Thepotemich [5.8K]

Answer:

large capitalization growth stocks

Explanation:

Out of the four possible options, large capitalization growth stocks are the only option that provides potential growth and receives income from dividends.

Money market instruments are extremely safe investments, but they yield a very low return. This type of investment is suitable for investors that wish to preserve their capital.

Mutual funds is not a very specific answer, since it can apply to several types of investments.

Bonds only provide income, but they do not provide growth (fixed coupon rate).

5 0
1 year ago
A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. Th
exis [7]

Answer: 10%

Explanation:

The Equilibrium real interest rate would be the interest rate that equates the Desired savings to the desired investment for both the National and foreign economy.

Desired national saving + Foreign desired national saving = Desired national investment + Foreign desired national investment

1,200 + 1,000rw + 1,300 + 1,000rw = (1,000 - 500rw) + (1,800 - 500rw)

2,500 + 2,000rw = 2,800 - 1,000rw

2,000rw + 1,000rw = 2,800 - 2,500

3,000rw = 300

rw = 0.1

rw = 10%

7 0
2 years ago
As a manager with D-Lighting Industries, part of Darius’ job is to make specific short-term decisions about what his department
lina2011 [118]

Option C

As a manager with D-Lighting Industries, part of Darius’ job is to make specific short-term decisions about what his department must do to achieve D-Lighting’s long-term success. Darius is involved in: tactical planning.

<u>Explanation:</u>

Tactical planning demands a company's strategic plan and establishes ahead specific short-term activities and ideas, regularly by the company board or function. Tactical planning is splitting up those intentions into practicable tasks that we can begin programming into our task management practice and schedule.

In the tactical phase, the market is acknowledging to paramount facts. Lower-level supervisors have a greater knowledge of day-to-day actions, and they are habitually the ones accountable for tactical planning. In trades and the managerial world, tactical decisions are quite common.

6 0
2 years ago
You just opened a brokerage account, depositing $4,500. You expect the account to earn an interest rate of 8.57%. You also plan
Mariulka [41]

Answer:

$74108

Explanation:

Solution

Given that:

Deposit = $4,500

Interest rate =8.57%

Plan to deposit =$3000 at the end of 5 years through 1

n= 20 years

Now

We apply the formula given below:

A=P(1+r/100)^n

Here

A=future value

P=present value

r=rate of interest

n=time period.

Thus

=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10

=$74108

Therefore the account value at 20 years (ending) is $74108

5 0
2 years ago
Other questions:
  • as Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than
    14·1 answer
  • Which theory of macroeconomics dominated the Reagan administration?
    13·2 answers
  • Handling inventory materials and parts, and supervising the shipping process belongs to the ______ career pathway.
    9·2 answers
  • Wd-40, inc. markets only one product, its namesake chemical lubricant. the company offers the product in several different conta
    11·1 answer
  • To sit next to her mother at a restaurant, diana pushes her little brother mark out of the way. what type of aggression is this?
    11·1 answer
  • Nate Pride spent five years in an accounting educational program and successfully completed a rigorous accounting examination fi
    7·1 answer
  • Diana is a personal trainer whose client Charles pays $80 per hour-long session. Charles values this service at $100 per hour, w
    7·1 answer
  • The following transactions were completed by the company.
    5·1 answer
  • The Kirkland Department of Delta Company began the month of December with beginning work in process of "4,000" units that are "1
    6·1 answer
  • Human service organizations can adopt this concept of a _________________who zealously works to spread a successful project thro
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!