Stanley incurred a $4,000 loss related to a qualified disaster. His AGI was $31,000. How much of this loss is deductible on Stanley's return?

Aram's taxable income before considering capital gains and losses is $82,000. Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios (assume Aram files as a single taxpayer) Required: a. Aram sold a capital asset that he owned for more than one year for a $5,440 gain, a capital asset that he owned for more than one year for a $720 loss, a capital asset that he owned for six months for a $1,640 gain, and a capital asset he owned for two months for a $1,120 loss. b. Aram sold a capital asset that he owned for more than one year for a $2.220 gain, a capital asset that he owned for more than one year for a $2,940 loss, a capital asset that he owned for six months for a $420 gain, and a capital asset he owned for two months for a $2.340 loss c. Aram sold a capital asset that he owned for more than one year for a $2.720 loss, a capital asset that he owned for six months for a $4,640 gain, and a capital asset…

On July 11, 2020, Ted purchased a small software company for $200,000. He paid $120,000 for the fixed assets of the company and $80,000 for goodwill. How much amortization may Ted deduct on his 2020 tax return for the purchased goodwill? a. $5,750 b. $2,667 c. $80,000 d. So Xin e. $5,333

G transferred property to F, in trust, and under the terms of the transfer, F should  accumulate the income for the benefit of B until the latter reaches the age of majority.  During 2020, the property earned P1,000,000 and incurred expenses of P350,000.  P50,000 of the income was distributed to B.  How much is income tax?