Bill,age 40,is Married with Two Dependents

question 69

Multiple Choice

Bill,age 40,is married with two dependents.Bill had the following items for the year 2012: Based on the above information,what is the net operating loss for Bill and his spouse for the year 2012?

• A) $0.
• B) $5,000.
• C) $7,000.
• D) $12,000.
• E) None of the above.

---

Definitions:

Administration

This term generally pertains to the management, organization, and supervision of the affairs and operations of institutions or businesses.

Child Abuse

Any action by another person – adult or child – that causes significant harm to a child.

Substance Abuse

The damaging or dangerous utilization of substances that affect mental processes, such as alcohol and illegal drugs.