Cory (single, no dependents) a CPA, earns $200,000 from his accounting practice in the current year (2021). He receives $45,000 in dividends and interest during the year as well as $10,000 of income from a passive activity. In addition, he incurs a loss of $65,000 from an investment in a passive activity and a short-term capital loss of $20,000. What is Cory's Taxable Income for 2021 ? 229,050242,000255,000229,450 Question 2 2 pts Because of the at-risk limitations, Iris has been unable to deduct a $30,000 loss from previous years' operations of an oil partnership investment. However, this year Iris invests an additional $5,000 in cash and the partnership generates net income, of which her share is $6,000. What amount of the loss carryover from previous years remains, after accounting for this year's activities, assuming Iris materially participates in the venture? \begin{tabular}{l} 11,000 \\ \hline 19,000 \\ \hline 30,000 \\ \hline 0 \end{tabular}