Beth and Bob Are Married Entrepreneurs

question 59

Multiple Choice

Beth and Bob are married entrepreneurs.Beth has a start-up sole proprietorship in which she works long hours.This year the business generated $500,000 of revenues and $800,000 of deductible business expenses.Bob is a partner in a new partnership,also working long hours.His share of the partnership loss for the year is $275,000.Fortunately,they both have trust funds so they are receiving $700,000 of taxable interest income and dividends in 2019.Due to this year's results,Beth and Bob will have an NOL carryover of

• A)$0.
• B)$575,000.
• C)$325,000.
• D)$65,000.

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Definitions:

Tertiary Bronchus

The segment of the bronchial tree that follows the secondary bronchus, leading directly to the bronchioles and then to the alveoli for gas exchange.

Right Superior Lobe

Refers to the uppermost section of the right lung, involved in the respiratory system.

Right Inferior Lobe

The lowest section of the right lung, involved in the respiratory system's process of gas exchange.

Left Inferior Lobe

Refers to the bottom section of the left lung, involved in the process of gas exchange and respiration.