Jack, Age 30 and Married with No Dependents, Is a Self-Employed

question 82

Multiple Choice

Jack, age 30 and married with no dependents, is a self-employed individual.For 2019, his self-employed business sustained a net loss from operations of $10,000 from operations .The following additional information was obtained from his personal records for the year: $$\begin{array} { l r } \text { Nonbusiness long-term capital gain } & \$ 2,000 \\\text { Interest income } & 6,000 \\\text { Itemized deductions-consisting of taxes and interest } & ( 26,000 ) \end{array}$$ Based on this information, what is Jack's net operating loss for 2019 if he and his spouse file a joint return?

• A)($2,000)
• B)($8,000)
• C)($10,000)
• D)($25,000)
• E)($28,000)

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Definitions:

Influenced

The capacity or power of persons or things to be a compelling force on the actions, behavior, opinions, etc., of others.

Communicator Attractiveness

The degree to which the physical, social, or intellectual appeal of a communicator increases the effectiveness of the communicated message.

Physical Appearance

The external physical characteristics of an individual, including features, body shape, clothing, and other visible attributes.

Peripheral Route

A method of persuasion that relies on superficial cues or associative reasoning, rather than systematic thinking about the content of a message.