Jill Perry invested $10,000 for a 5% interest in a limited partnership on January 1, Year 1. There is one general partner with a 50% interest. In Year 1, the partnership purchased an office building to rent and incurred a nonrecourse debt of $100,000 to a bank paying interest for only 5 years. The debt has no conversion feature. The partnership incurred a loss of $150,000 in Year 1 and a loss of $200,000 in Year 2. How much can Jill deduct each year, ignoring any passive loss rules?

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?