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NEW QUESTION: 1
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
The Moores received $8,400 in gross receipts from their rental property during 1994. The expenses for the residential rental property were:
A. $25,000
B. $500
C. $1,300
D. $55,000
E. $2,500
F. $75,000
G. $1,000
H. $10,000
I. $1,500
J. $0
K. $900
L. $1,250
M. $50,000
N. $2,000
O. $3,000
Answer: E
Explanation:
Explanation
"I" is correct. $2,500. Rental activity net income is reported on page one; the gross income ($8,400) is fully reportable; and all deductions listed (total = $5,900) are fully deductible for a net of $2,500.

NEW QUESTION: 2
You receive revenue data that must be included in Microsoft Power Bl reports.
You perform an initial load of the data from a Microsoft Excel source as shown in the following exhibit.

You plan to create several visuals from the data, including a visual that shows revenue split by year and product.
You need to transform the data to ensure that you can build the visuals. The solution must ensure that the columns are named appropriately for the data that they contain.

Answer:
Explanation:

NEW QUESTION: 3
Scenario: An engineer implementing a Citrix ADC is tasked with creating a new VLAN, named VLAN 2, and added to the current interfaces. A new IP address of 10.102.29.54 with a network mask of 255.255.255.0 must be configured for VLAN 2. Which commands could the engineer use to achieve this configuration in the command-line interface prior to binding VLAN 2?
A. add ns ip 10.102.29.54 255.255.255.0
add vlan 2
B. set vlan 2 -aliasName VLAN2
add ns ip 10.102.29.54 255.255.255.0
C. add ns ip 10.102.29.54 255.255.255.0 -type SNIP
set ns ip 10.102.29.54 255.255.255.0 -vrID 2
D. add ns ip 10.102.29.54 255.255.255.0 -vrID 2
Answer: A

NEW QUESTION: 4
A database file is an operating system file that provides logical storage for database information, which is used to ensure that data remains consistent and can be recovered,
A. FALSE
B. TRUE
Answer: A