what is the right answer. please let me know asap. Alex Jordan...
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what is the right answer. please let me know asap.
Alex Jordan a single individual, began operating a pet shop in 2018 and had a 2019 NOL of $1,500. He had no previous income. During 2020, he had the following income and deductions: Salary from part-time job $ 9,000 Interest on savings 2500 Total income $ 11,500 NOL carryover from 2019 $ (1,500) Net loss from business (gross receipts $30,000 - $75.000 expenses) (45.000) Standard deduction (12400) Total deductions $(58,500) Excess deductions over income $(47000) What is Alex's net operating loss for 2020? A $37.500 OB $45.900 C. $48,400 D. 36,000
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