Jason,married and filing jointly,had the following income for 2014:
Jason has four dependent children.Calculate the net operating loss for 2014.
Definitions:
Exploratory Wells
Wells drilled to find and evaluate new oil or gas fields or to explore unproven areas of known fields.
Feasibility Study
An analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable.
Drilling Operations
The activities involved in creating boreholes in the earth's surface for the exploration or extraction of resources like oil and gas.
Future Investment Opportunity
Potential projects or investments that a company could undertake in the future, which are expected to generate positive returns.
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