Solved

During 2016,Linda Has a $12,000 Net Loss from Her Beauty

Question 72

Multiple Choice

During 2016,Linda has a $12,000 net loss from her beauty salon.Her spouse,Bart,earns $23,000 as a tennis professional.During 2016,Bart purchases $215,000 of Section 179 equipment for his business.What is the amount of Linda and Bart's Section 179 deduction for 2016?


A) $- 0 -
B) $10,000
C) $11,000
D) $23,000
E) $215,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions