Judy, a single individual, reports the following items of income and loss: Salary $120,000 Loss from rental property (40,000) Judy owns 100% of the rental property and actively participates in the rental of the property. Calculate Judy's AGI (15).

Answer: Judy's AGI is $105,000

Explanation:

Given that;

(income) Salary $120,000

Loss from rental property (40,000)

Now as per 2020 IRS TAX law; we know that;

maximum allowance for loss from rental property in case of active participants is twenty five thousand dollar ($25,000)

Also amount of Gross income in excess of one hundred thousand dollar ($100,000)  up to one hundred and fifty thousand dollar ($150,000) is subject to fifty percent (50%) deduction from the loss from rental property

this twenty five thousand dollar ($25,000) is deductible if one has Gross Income of one hundred and fifty thousand dollar ($150,000)

now lets calculate Judy's AGI

AGI before deductions = $120,000

Real estate exception = [$25,000 - ($120,000 - 100,000)×50%]

= $25,000 - $2000×0.5

= ($25,000 - $10,000)

Real estate exception = $15,000

so

AGI =  AGI before deductions - Real estate exception

AGI = $120,000  - $15,000

AGI = $105,000

therefore Judy's AGI is $105,000

Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends. What was his total percentage return on the investment

Harold Manufacturing produces denim clothing. This year, it produced 5,230 denim jackets at a manufacturing cost of $41.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets.



1. Jackets can be sold to a second-hand clothing shop for $7.00 each.
2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $13.00 each.
3.
Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,230 jackets into only 3,100 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $103,000, but the jackets can then be sold for their regular price of $45.00 each.



Required:
1.
Calculate the incremental income.

Alternative 1 Sell to a second-hand shop Alternative 2 Disassemble and sell to a recycler Alternative 3 Rework and sell at regular prices
Incremental revenue
Incremental costs
Incremental income

The image shows a performance graph.


A graph titled Relationship between Anxiety and Performance. X axis is labeled Anxiety with an arrow pointing right labeled None at left and Extreme at right. Y axis is labeled performance with an arrow pointing up labeled Poor at bottom and Excellent at top. A line forms an arch starting at Poor/none at left, rising to excellent in the middle, and ending at poor/extreme at right.

Which is the best interpretation of the graph?


A small amount of anxiety is not enough to help students perform better on a test.

The higher a student’s anxiety, the greater the probability of a good test score.

A small amount of anxiety can help students perform better on tests.

The higher a student’s anxiety, the lower the likelihood of overcoming it.

please answer correctly ..... or my face will look like this 0-0 and then i will say bruhhh