Shey Is Single and Operates Two Businesses

question 25

Multiple Choice

Shey is single and operates two businesses.This year,business A generated $300,000 of taxable profit.Business B generated a $(625,000) loss.How much of Shey's business loss is not currently deductible due to the excess business loss limitation?

• A)$(625,000)
• B)$(375,000)
• C)$(70,000)
• D)$0

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Definitions:

Clear Yellow Urine

A description of urine indicating a normal hydration status, where the urine appears pale to bright yellow and is transparent.

Ambulate

The act of walking or moving from one place to another, often used in healthcare to assess or encourage patient mobility.

Cervical Spine

The portion of the spine that runs through the neck, made up of seven vertebrae.

General Anesthesia

A medically induced, reversible state of unconsciousness, accompanied by loss of pain sensation and muscle relaxation, used during surgical procedures.