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During 2018, Linda Has a $12,000 Net Loss from Her

question 54

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During 2018, Linda has a $12,000 net loss from her beauty salon. Her spouse, Bart, earns $23,000 as a tennis professional. During 2018, Bart purchases $215,000 of Section 179 equipment for his business. What is the amount of Linda and Bart's Section 179 deduction for 2018?


Definitions:

Dentition

The arrangement or condition of the teeth within the mouth, including their number, type, and structure.

Molars

Large, flat teeth located at the back of the mouth, used for grinding and chewing food.

Cats

Domesticated felines known for their agility, curiosity, and independence, widely kept as pets or for controlling pests.

Humans

Homo sapiens, the species of bipedal primates to which modern human beings belong, characterized by a large brain and capacity for complex language, thought, and social organization.

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