Matt Has Three Passive Activities and Has At-Risk Amounts in Excess

question 57

Multiple Choice

Matt has three passive activities and has at-risk amounts in excess of $100,000 for each.During the year,the activities produced the following income (losses) .
$\begin{array}{lr}\text { Activity A } & (\$ 60,000) \\\text { Activity B } & (40,000) \\\text { Activity C } & 75,000 \\\text { Net passive loss } & (\$ 25,000) \\\text { Matt's suspended losses are as follows: } &\end{array}$

• A)\(\$ 25,000 \text { is allocated to } C \text {, } \$0\text { to } A \text { and } B\)
• B)\(\$ 12,500 \text { is allocated to } A , \$ 12,500 \text { to } \mathrm { B } \text {. }\)
• C)\(\$ 15,000 \text { is allocated to } A , \$ 10,000 \text { to } B \text {. }\)
• D)\(\$ 8.333 \text { is allocated to } A , B \text {, and } C \text {. }\)
• E)none of these

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Definitions:

Hue

A dimension of color that is determined by the wavelength of light; essentially, the aspect of color that is described as red, blue, green, etc.

Bipolar Neurons

A type of neuron characterized by having two extensions (one dendrite and one axon) branching from opposite sides of the cell body, commonly found in sensory systems.

Optic Neurons

Nerve cells in the visual system that transmit information from the eyes to the brain.

Interneurons

A type of neuron that serves as a connection between sensory neurons and motor neurons, playing a key role in reflexes and neuronal circuits.