In 2018,Mario Earned $9,000 in Net Investment Income and Incurred

question 108

Multiple Choice

In 2018,Mario earned $9,000 in net investment income and incurred $14,000 of investment interest expense.Mario paid off the loan in early 2019,so he only paid $2,000 of investment interest expense in 2019.He earned $10,000 of net investment income in 2019.How much investment interest expense can Mario deduct in 2019?

• A)$2,000
• B)$10,000
• C)$7,000
• D)$0

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Definitions:

Potential Market

The entirety of consumers who could potentially purchase a product or service, based on their needs and resources.

Brand Awareness

The degree to which customers recognize and understand the unique features or identity of a specific brand's products or services.

Marketing Mix

The set of controllable tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response in the target market.

Purchase Rate

The frequency at which a product or service is bought over a specific period of time.