exam 3 quizes

exam 3 quizes - Yourlocation: ViewAttempt1of2 Title Quiz 11...

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Jump to Navigation Frame     Your location:  Assessments  ›  View All Submissions  › View Attempt View Attempt 1 of 2 Title: Quiz 11 Started: April 19, 2011 1:02 PM Submitted: April 19, 2011 1:31 PM Time spent: 00:28:17 Total score: 45/100 = 45% Total score adjusted by 0.0 Maximum possible score: 100 1. By selecting agree and clicking on submit you are acknowledging, and agreeing to all of the terms and conditions stated in this agreement. CODE OF ACADEMIC INTEGRITY This Code of Academic Integrity was adopted by the Student Government Association on November 28, 2001 and reflects the values articulated in the Student Code of Standards. Florida International University is a community dedicated to generating and imparting knowledge through excellent teaching and research, the rigorous and respectful exchange of ideas, and community service. All students should respect the right of others to have an equitable opportunity to learn and honestly to demonstrate the quality of their learning. Therefore, all students are expected to adhere to a standard of academic conduct, which demonstrates respect for themselves, their fellow students, and the educational mission of Florida International University. Pledge As a student of this university: I will be honest in my academic endeavors. I will not represent someone else’s work as my own. I will not cheat, nor will I aid in another’s cheating.
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All students are deemed by the University to understand that if they are found responsible for academic misconduct, they will be subject to the Academic Misconduct procedures and sanctions, as outlined in the Student Handbook. Student Response Correct Answer Feed A.I agree 2. Rachel acquired a passive activity several years ago. Until 2007, the activity was profitable, and Rachel’s at-risk amount at the beginning of 2007 was $300,000. The activity produced losses for Rachel of $80,000 in 2007, $50,000 in 2008, and $70,000 in 2009. In 2010, the activity produced income of $90,000. How much is Rachel’s suspended passive loss at the beginning of 2011? Student Response Correct Answer Feed 1.None of the above. 2.$0. 3.$60,000. 4.$110,000. 5.$150,000. General Feedback: $80,000 suspended loss from 2007 + $50,000 suspended loss from 2008 + $70,000 suspended loss from 2009 = $200,000 suspended losses at end of 2009 – $90,000 passive income in 2010 = $110,000 suspended passive loss at beginning of 2011. The at-risk amount at the beginning of 2011 is $190,000 ($300,000 – $80,000 – $50,000 – $70,000 + $90,000). 3. A taxpayer is considered to be a material participant in a significant participation activity if he or she spends at least 400 hours in the activity.
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Student Response Correct Answer Feed 1.False 2.True General Feedback: Under the 500-hour test, a taxpayer must devote more than 500 hours to an activity to meet the material participation standard. Further, the significant participation activity test does not apply because the aggregate participation does not exceed 500 hours. 4.
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exam 3 quizes - Yourlocation: ViewAttempt1of2 Title Quiz 11...

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