Jack owns a 10% interest in a partnership (not real estate) in which his at-risk amount is $42,000 at the beginning of the year. during the year, the partnership borrows $80,000 on a nonrecourse note and incurs a loss of $60,000 from operations. jack's at-risk amount at the end of the year is $44,000.

 The correct answer is :  False

Step-by-step explanation:  Jack's year-end risk amount is:

10% loss :  $ 60,000 x 10% = $ 6,000

$ 42,000 - $ 6,000 = $ 36,000, this is the value of Jack's year-end risk amount

The amount a taxpayer has at risk is increased by the taxpayer's share of additional recourse debt and decreased by the share of losses from the activity. The at-risk amount is not affected by nonrecourse debt.

d. millimeters per hour.

step-by-step explanation:

we are given that,

carlo used a rain gauge to measure the amount of water his lawn is receiving from the sprinklers.

since, according to the options, we see that,

water cannot be measured by 'miles per hour', 'meters per second' and 'grams per seconds'.

we get that, the water can be measured by 'millimeters per hour'.

hence, the appropriate rate for describing the amount of water is 'millimeters per hour'.