Joy Reports the Following Income and Loss

question 88

Multiple Choice

Joy reports the following income and loss:

Activities A,B,and C are all passive activities.
Based on this information,Joy has

• A) adjusted gross income of $90,000.
• B) salary of $120,000 and deductible net losses of $30,000.
• C) salary of $120,000 and net passive losses of $30,000 that will be carried over.
• D) salary of $120,000, passive income of $60,000, and passive loss carryovers of $90,000.

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Definitions:

Permissive-Indulgent

A parenting style characterized by high responsiveness but low demandingness, where parents are very involved but place few rules and demands on their children.

Social Competence

The ability of an individual to interact effectively with others, understanding social cues and responding appropriately in social settings.

Physically Punished

Subjected to punishment that involves causing physical pain, often as a method of correction or discipline.

Aggressive

Behaving or acting in a manner that is forceful, hostile, or attacking, often with the intent to dominate or harm others.