Wes's at-risk amount in a passive activity is $25,000 at the beginning of the current year. His current loss from the activity is $35,000 and he has no passive activity income. At the end of the current year, which of the following statements is incorrect?
a. Wes has a loss of $25,000 suspended under the passive loss rules.
b. Wes has an at-risk amount in the activity of $0.
c. Wes has a loss of $10,000 suspended under the at-risk rules.
d. Wes has a loss of $35,000 suspended under the passive loss rules.
e. None of the above is incorrect.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.