For the year ending December 31, 2019, David Roth, a married taxpayer filing a joint return, reported the following: Investment income from dividends and interest $24,000, Long-term capital gains on stock held for investment 25,000, Investment expenses 4,000, Interest expense on funds borrowed in 2019 to purchase investment property 70,000. What amount can Roth deduct in 2015 as investment interest expense if he elects to pay his capital gains on stock at an ordinary tax rate?
A. $20,000.
B. $70,000.
C. $45,000.
D. $49,000.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income