Joy Reports the Following Income and Loss: Activities A

question 15

Multiple Choice

Joy reports the following income and loss: Activities A, B, and C are all passive activities.
Based on this information, Joy has

• A)adjusted gross income of $90,000.
• B)salary of $120,000 and deductible net losses of $30,000.
• C)salary of $120,000 and net passive losses of $30,000 that will be carried over.
• D)salary of $120,000, passive income of $60,000, and passive loss carryovers of $90,000.

---

Definitions:

Psychodynamic Perspective

A psychological perspective that emphasizes unconscious processes and childhood experiences in shaping behavior and personality.

Conscious

The state of being aware of and able to think about one's own thoughts, feelings, and perceptions, as well as the external world.

Unconscious

Refers to the part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.

Mental Processes

Internal cognitive operations that include thinking, reasoning, and problem-solving.