Order the answer to: This year Robert had the following income and losses from

Academic Writing business-economics Order the answer to: This year Robert had the following income and losses from

business-economics

Order the answer to: This year Robert had the following income and losses from

Question This year Robert had the following income and losses from four passive activities: Activity 1 ……..($20,000) Activity 2 ……..($10,000) Activity 3 …….. ($ 5,000) Activity 4 …….. $33,000 Activity 4 had $10,000 of passive losses that are carried over from a prior year. Robert also had wages of $110,000. a. How much income or loss does Robert have from the four activities? b. How are the suspended PALs allocated. c. If Activity 1 were sold at an $18,000 gain, what would be the total income or loss from the four activities?
Subject business-economics
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