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QUESTION 13 In the current year, Louise invests $50,000 for a 10% interest in a passive activity. Her share of the loss this year is

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QUESTION 13 In the current year, Louise invests $50,000 for a 10% interest in a passive activity. Her share of the loss this year is 510,000. If this is her only passive activity, the $10,000 loss from the activity this year is suspended for use in a future year. True False QUESTION 14 The purpose of the work opportunity tax credit is to encourage employers to hire individuals from specified target groups traditionally subject to high rates of unemployment True False QUESTION 15 The tax benefit of a pension plan is to: defer tax until a later date defer tax until recipients are retired and in a lower tax bracket allow the taxpayer to benefit from the accrual or compounding of earnings in the pension fund tax free until it is withdrawn all of the above none of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers. 16

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