Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the year, Jerry's tax basis in his partnership interest was $42,000. His current-year Schedule K-1 reported an ordinary loss of $7,000, long-term capital gain of $4,800, qualified dividends of $3,800, $2,300 of non-deductible expenses, a $28,000 cash contribution, and a reduction of $5,800 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year?

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?