Suppose Clampett,Inc

question 102

Multiple Choice

Suppose Clampett,Inc.terminated its S election on August 28,2017.At the end of the S corporation's short tax year ending on August 28,J.D.'s stock basis and at-risk amounts were both zero (he has never had debt basis) ,and he had a suspended loss of $20,000.In 2018,J.D.made additional capital contributions of $5,000 on March 15 and $12,000 on September 20.How much loss may J.D.deduct in 2018?

• A) $0.
• B) $5,000.
• C) $17,000.
• D) $20,000.
• E) None of the choices are correct.

---

Definitions:

Esteem

The respect, admiration, or value that an individual holds for themselves or that others hold for them.

Social

Relating to society or its organization; pertaining to activities involving interaction with other people.

Valence

The value to the individual of various work outcomes.

Equity Theory

A theory of motivation that suggests individuals assess their job satisfaction based on the ratio of inputs to outcomes and compare it to the perceived ratio of others.