Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. he also acquired a rental house in 2015, which he actively manages. during 2015, walter's share of the partnership's losses was $19,000, and his rental house generated $42,500 in losses. walter's modified adjusted gross income before passive losses is $108,000.
if an amount is zero, enter "0".
a. calculate the amount of walter's allowable deduction for rental house activities for 2015.
b. calculate the amount of walter's allowable deduction for the partnership losses for 2015.
c. what may be done with the unused losses, if anything?
the unused losses may be carried tax years to reduce income in those years.

As part of a hiring process, codex marketing company conducts an internet search to discover what a job candidate has posted. to codex, this act should present

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above