$13.$ An individual has wages of $$90,000.$ She owns a rental property and actively participates. She has a basis of $$200,000$ in the property. The investment allocated a loss for the current year of $$160,000.$ What is the suspended loss due to at$$risk rules for the current year?

Group of answer choices

$$0$

$$25,000$

$$135,000$

$$160,000$

$14.$ Your client invests his funds in a limited partnership and pays $$500,000$ for a $15\%$ stake in the partnership. At the end of the year, a K$1$ comes in the mail. It details his losses as $$120,000.$ This is the client$$s only investment. How much of the loss is suspended under the passive activity rules?

Group of answer choices

$$0$

$$120,000$

$$380,000$

$$500,000$

$15.$ Mark is $20$ years old and a full$$time student at State University. His parents claim him as a dependent on their tax return. During the year he has interest income of $$1,000,$ dividend income of $$2,000,$ and wages of $$500.$ He has itemized deductions of $$1,500.$ What is Mark's taxable income for the year?

Group of answer choices

$$2,000$

$$2,400$

$$2,600$

$$3,500$

$16.$ In which of the following venues is a jury trial available for tax controversies?

Group of answer choices

U$.$S$.$ Tax Court

U$.$S$.$ Tax Court, Small Cases Division

U$.$S$.$ District Court

U$.$S$.$ Court of Federal Claims