Jack, age 30 and married with no dependents, is a self-employed individual. for 2018, his self-employed business sustained a net loss from operations of $10,000. the following additional information was obtained from his personal records for the year:

nonbusiness long-term capital gain $ 2,000
interest income 6,000
itemized deductions—consisting of taxes and interest (26,000)

based on the above information, what is jack's net operating loss for 2018 if he and his spouse file a joint return?
a. ($8,000)
b. ($10,000)
c. ($28,000)
d. ($2,000)
e. ($25,000)

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased. b. the company's times interest earned ratio decreased. c. the company's basic earning power ratio increased. d. the company's equity multiplier increased. e. the company's debt ratio increased.