. Sherri owns an interest in a business that is not a passive activity and in which she has $20,000 at risk. If the business incurs a loss from operations during the year and her share of the loss is $32,000, this loss will be fully deductible.
a. True
b. False

B). FALSE

Explanation: A loss is an amount of money lost by a business or oganization. Losses in investment happen often and can be deductible from gains earned depending on the amount of gain.

An equal amount of loss and gain can be used to offset each other. However, if your losses exceed your gain, your losses can not be fully deductible.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer; commerce clearing house;