subject
Social Studies, 19.02.2020 22:22 gwendallinesikes

Stewie, a single taxpayer, operates an activity as a hobby. Brian, a different taxpayer, operates a similar activity as a bona fide business. Stewie's gross income from his activity is $5,000 and his expenses are $6,000. Brian's gross income and expenses are coincidentally the same as Stewie. Neither Stewie nor Brian itemize, but both have other forms of taxable income. What is the impact on taxable income for Stewie and Brian from these activities

ansver
Answers: 3

Another question on Social Studies

question
Social Studies, 22.06.2019 17:30
Which graph shows the temporary relationship between the aggregate price level and the aggregate quantity supplied? a. long-run aggregate supply curve b. aggregate demand curve c. short-run aggregate supply curve d. point of equilibrium
Answers: 1
question
Social Studies, 22.06.2019 18:30
1. describe the concept of the unitary executive. discuss whether this concept is practical.
Answers: 1
question
Social Studies, 22.06.2019 19:00
Open opinion / / / if a juvenile committed murder, should the juvenile be in prison for life or be free and seek instead? which and why?
Answers: 2
question
Social Studies, 22.06.2019 19:30
Francisco loves to learn, but his lack of english makes him feel “nervous and scared.” why is he both happy and scared of school
Answers: 1
You know the right answer?
Stewie, a single taxpayer, operates an activity as a hobby. Brian, a different taxpayer, operates a...
Questions
question
Mathematics, 04.02.2020 00:10
question
Mathematics, 04.02.2020 00:10
Questions on the website: 13722362