Roger, an Individual, Owns a Proprietorship Called Green Thing

question 32

Essay

Roger, an individual, owns a proprietorship called Green Thing. For the year 2018, Roger has the following items:
? Business income-$200,000.
? Business expense-$150,000.
? Loss on a completely destroyed business machine. The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
? Loss on a business truck. The truck had an adjusted basis of $8,000. The repairs to fix the truck cost $10,000. Determine Roger's adjusted gross income for 2018.

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Definitions:

Achievement Oriented

A personal attribute or leadership style focused on setting and accomplishing challenging goals, often involving high standards of performance.

Leadership Effectiveness

The degree to which a leader successfully achieves desired outcomes, motivates followers, and accomplishes objectives through the effective utilization of resources.

Production Target

A set goal or quota for the amount of goods or services that must be produced within a specified timeframe.

Consultative Style

A leadership approach characterized by seeking input and advice from others before making decisions, emphasizing collaboration and consensus-building.