Jamari conducts a business with the following results in 2020: Revenue $20,000 Depreciation on car 3,960 Operating expenses of car 3,100 Rent 6,000 Wages 8,200 Amortization of intangibles 680 Jamari estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200. a. Calculate the effect of Jamari's business on his AGI. Jamari's business has a of $fill in the blank d33155077fa8faf_2 which is reported on his tax return. b. How would your answer in part (a) change if the activity was a hobby

A. Net loss; $1,940; For AGI

B. $20,000 ;$20,000; But Will Not Be Deductible

Explanation:

1. Calculation to determine what Jamari's business has and the amount which is reported on his tax return

Calculation for Net Income / (loss)

Revenue $ 20,000

Less:

Depreciation on Car($3,960)

Operating Exp of car($3,100)

Rent($6,000)

Wages($8,200)

Amortization of intangible($ 680) ($21,940)

Net Income / (loss) $ -1,940

($20,000-$21,940)

Therefore Jamari's business has a NET LOSS of $1,940 which is reported FOR AGI (ADJUSTED GROSS INCOME) on his tax return

B . Based on the information given we were that the REVENUE is the amount of $20,000 which means that in a situation where the activity was a hobby Jamari will report $$20,000 as income. Of his expenses, $20,000 are ALLOWED BUT WILL NOT BE DEDUCTIBLE on his tax return.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; ///blank(1); dealers; blank(2); brokers;