During the current year, gene, a cpa, performs services as follows: 1,800 hours in his tax practice and 50 hours in an apartment leasing operation in which he has a 15% interest.
because of his oversight duties, gene is considered to be an active participant.
he expects that his share of the loss realized from the apartment leasing operation will be $30,000 and that his tax practice will show a profit of approximately $80,000.
gene is single and has no other income.

what is the character and treatment of the income and losses generated by these activities?

a. is gene considered a material participant in the tax practice? is gene considered a material participant in the apartment leasing operation?

b. in the current year, gene can deduct $ of the real estate rental activity loss and any remaining loss is as a activity loss.

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Serious question, which is preferred in a business? pp or poopoo?