Shey Is Single and Operates Two Businesses

question 89

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) $(75,000)
• D) $0

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Definitions:

Apgar Scale

A widely used method to assess the health of newborns at one and five minutes after birth. The Apgar Scale evaluates infants’ heart rate, respiratory effort, muscle tone, body color, and reflex irritability.

Newborn's Health Status

A general assessment of a newborn baby's overall health and wellness, typically evaluated shortly after birth.

Assessment

The process of evaluating or estimating the nature, ability, or quality of something, often used in educational and psychological contexts.

Birth

The process of giving life through the emergence of a newborn from the body of its mother; the beginning of life outside the uterus.