Juan, married and filing jointly, had the following income and deductions for 2017:
Juan has three dependent children. Calculate the net operating loss for 2017.
Definitions:
Separation of Power
A constitutional principle that divides the responsibilities of government among distinct branches to prevent the concentration of power and ensure checks and balances.
Legislative Branch
One of the three branches of the U.S. government, responsible for making and enacting laws, consisting of the Senate and the House of Representatives.
Enabling Legislation
The statute by which a legislative body creates an administrative agency.
Administrative Procedure Act (APA)
A federal law in the United States that governs the way administrative agencies of the federal government propose and establish regulations.
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