John, a limited partner of Candy Apple, LP, is allocated $22,000 of ordinary business loss from the partnership. Before the loss allocation, his tax basis is $17,000 and his at-risk amount is $7,000. John also has ordinary business income of $17,000 from Sweet Pea, LP, as a general partner and ordinary business income of $6,400 from Red Tomato as a limited partner. How much of the $22,000 loss from Candy Apple can John deduct currently

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.