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16) Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had
16) Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following income and losses: Partnership A Partnership B Partnership C $ 40,000 $ (32,000) $(24,000) What is Alice's adjusted gross income for the current year? A) $159,000. B) $119,000. C) $215,000. D) $175,000.
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Business Communication Essentials a skill based approach
Authors: Courtland L. Bovee, John V. Thill
6th edition
978-0132971324
