During the Year,Mark Reports $90,000 of Active Business Income from His

question 19

Multiple Choice

During the year,Mark reports $90,000 of active business income from his law practice.He also owns two passive activities.From Activity A,he earns $20,000 of income,and from Activity B,he incurs a $30,000 loss.As a result,Mark

• A)reports AGI of $80,000.
• B)reports AGI of $90,000 with a $10,000 passive loss carryover.
• C)reports AGI of $90,000 with a $30,000 passive loss carryover.
• D)reports AGI of $110,000 with a $30,000 passive loss carryover.

---

Definitions:

Fourth Amendment

Part of the U.S. Constitution protecting citizens from unwarranted searches and seizures by the government.

Privacy Rights

The rights of individuals to control or limit access to their personal information and to maintain confidentiality in personal matters.

Electronic Search

The use of electronic means to locate information or data, often through the internet or on digital devices.

Corporation

A legal entity that is separate and distinct from its owners and has rights, privileges, and liabilities independent of those of its shareholders.