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:

Four Dimensions

A conceptual model that represents four distinct aspects or variables of a concept, idea, or physical entity.

Healthcare Professionals

Individuals qualified to provide healthcare services, such as diagnosis, treatment, and prevention of disease, including doctors, nurses, and therapists.

Sustainability Best Practices

Sustainability best practices are methods and strategies adopted by individuals, organizations, or communities to minimize environmental impact and ensure long-term ecological balance.

Major Industry Conference

A major industry conference is a large-scale event that brings together professionals, experts, and companies from a specific sector to discuss trends, share knowledge, and foster networking opportunities.