Juan,married and Filing Jointly,had the Following Income and Deductions for 2014

question 98

Essay

Juan,married and filing jointly,had the following income and deductions for 2014:
$\begin{array}{lr}\text { Sales } & \$ 600,000 \\\text { Business expenses } & (650,000) \\\text { Interest income } & 3,000 \\\text { Dividends } & 4,000 \\\text { Personal casualty loss (after deducting the } \$ 100 \text { floor) } & (25,000) \\\text { Taxes paid on personal residence } & (7,000) \\\text { Interest paid on personal residence } & (9,000) \\\text { Alimony paid } & (18,000)\end{array}$ Juan has three dependent children.Calculate the net operating loss for 2014.

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Definitions:

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Counterfeit

Goods that are made or sold under another's brand name without the brand owner's authorization.

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Products intended to provide nutrients that may not be consumed in sufficient quantities from food.

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Potential threats or dangers to the health of the general public, often related to diseases, environmental hazards, or lifestyle factors.