Harley, a Single Individual, Provided You with the Following Information

question 41

Essay

Harley, a single individual, provided you with the following information for this year:
Income:
$$\begin{array} { | l | r | } \hline \text { Salary from part-time employment } & \$ 16,000 \\\hline \text { Interest income from savings } & 1,000 \\\hline \text { Net long-term capital gain from investment property } & 3,000 \\\hline\end{array}$$ Deductions:
$$\begin{array}{|l|l|}\hline\text { Net business loss }\\\text { (sales of } \$ 100,000 \text { less expenses of } \$ 130,000 ) & ( \$ 30,000 ) \\\hline \text { Personal exemption } & ( 4,050 ) \\\hline \text { Standard deduction } & ( 6,300 ) \\\hline \text { Net-operating loss carryover from last year } & ( 3,000 )\\\hline\end{array}$$ What is the amount of Harley's net operating loss for this year?

Differentiate between dependent and independent events in probability.

Recognize the distinction between goodness-of-fit tests and tests for independence.

Calculate expected frequencies using binomial and multinomial distributions.

Understand the principles of autoxidation in organic compounds and identify compounds prone to this process.