Denise's AGI Is $145,000 Before Considering Her Single Rental Property

question 56

Multiple Choice

Denise's AGI is $145,000 before considering her single rental property.During the year,Denise had a rental loss of $13,000.What is Denise's AGI after considering the rental loss?

• A)$145,000.
• B)$142,500.
• C)$122,500.
• D)$132,000.

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Definitions:

Teenagers

Persons in the age group of 13 to 19 years, characterizing the transition from childhood to adulthood.

Part-time Workers

Employees who work fewer hours than required for a full-time position, often receiving reduced or no benefits.

Labor Skills

The abilities and expertise that employees bring to their work, influencing productivity, efficiency, and the quality of outputs.

Minimum Wage

The lowest legal hourly pay workers can receive, set by government law to protect workers from unduly low compensation.