Rubio recently invested $32,500 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $23,750. In addition, Rubio’s share of the limited partnership loss for the year is $38,250, his share of income from a different limited partnership is $6,875, and he has $52,500 in wage income and $16,250 in long-term capital gains.

Required:
a. How much of Rubio's $28,650 loss is allowed considering only the tax basis loss limitations?
b. How much of the loss from part (a) is allowed under the at-risk limitations?
c. How much of Rubio’s $28,650 loss from the limited partnership can he deduct in the current year considering all limitations?

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?