Baxter Invested $50,000 in an Activity in 2013 $\begin{array}{rr}\text { Year }&\text { Gain(Loss) }\\2015 & (\$ 25,000 \\2016 & 10,000 \\2017 & 10,000\end{array}$

question 21

Multiple Choice

Baxter invested $50,000 in an activity in 2013.At the beginning of 2015,Baxter's at-risk amount was $10,000.Baxter's share of losses from the activity were as follows: $\begin{array}{rr}\text { Year }&\text { Gain(Loss) }\\2015 & (\$ 25,000 \\2016 & 10,000 \\2017 & 10,000\end{array}$ If you ignore the passive loss rules,how much income/loss will Baxter have from the activity in 2017?

• A)$0.
• B)$5,000.
• C)$10,000.
• D)$15,000.

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Definitions:

Intrapersonal Skills

Abilities that pertain to managing one's own emotions, behaviors, and thoughts effectively, often crucial for personal development and mental health.

Academic Achievement

The extent of a student's success in completing assignments and learning in educational environments, often measured by grades and test scores.

Downward Social Mobility

The movement of an individual, social object, or group to a lower status, typically measured by changes in wealth, occupation, education, or health.

Perceived Similarity

The extent to which individuals believe they share common traits, values, or beliefs with others.