Josh Has Investments in Two Passive Activities

question 32

Multiple Choice

Josh has investments in two passive activities. Activity A (acquired three years ago) produces income of $30,000 this year, while Activity B (acquired two years ago) produces a loss of $50,000. What is the amount of Josh's suspended loss for the year?

• A) $0
• B) $18,000
• C) $20,000
• D) $50,000
• E) None of the above

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Definitions:

Propriate Striving

An aspect of Gordon Allport's personality theory, focusing on the individual's striving for self-enhancement, mastery, and accomplishment.

Criteria

Standards or principles by which something is judged or decisions are made.

Psychologically Healthy

Pertains to a state of mental and emotional well-being where an individual can use their cognitive and emotional capabilities, function in society, and meet the ordinary demands of everyday life.

Trait Theory

A psychological perspective that focuses on the identification and measurement of consistent personality characteristics (traits) that vary among individuals.