Basics of net operating loss amount, Accounting Basics

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Basics of net operating loss amount

What was Shala's 2013 Net Operating Loss amount assuming that she had the following items listed on her income tax return?

Business Income $52,000
Interest income on personal investments $5,000
Less: Business Expenses ($73,000)
Less: Personal exemption ($3,900)
Less: Nonbusiness deductions ($7,000)
Loss shown on return ($26,900)

a. $26,900

b. $21,000

c. $11,000

d. $0

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Accounting Basics: Basics of net operating loss amount

Reference No:- TGS038842

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Basics of net operating loss amount

Reference No:- TGS038842

Recent Questions Asked Accounting Basics

Q : Explain decline in value or stay at its current value

Q : Specific human services organizations

Q : Determine the amount of net capital loss carried back

Q : Compare and contrast views of keynesian to the supply sider

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