### Describe active participation

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Chapter 7- In your "own" words, please describe what a "Suspended Loss" is, how it is generated and when it is becomes deductible.

Please describe "Active Participation" as it relates to a taxpayer's involvement in an investment in Real Estate.

Chapter 8- Macy had a lot of medical expenses this year that were not covered by her insurance (either due to a deductible, co-insurance, or co-pay). Her un-reimbursed qualifying medical expenses total \$8,356 and her AGI for 2013 is \$45,000. Assuming she will itemize on her 2013 tax return, how much of her medical expenses will she be able to deduct?

Heather & Terry have a mortgage on their primary residence of \$750,000 and a mortgage on their vacation home of \$410,000. In 2013, they incurred \$46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?

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 Applying data science techniques to a concrete problem : What is the question you hope to answer? - What data are you planning to use to answer that question - What methods did you use to filter the data Create an energetic and engaged workforce : In reviewing successful companies it becomes apparent they maximize a firm's human and social capital to create an energetic and engaged workforce. Fully describe the issue and state why and how it effects : Fully describe the issue and state why and how it effects the individual taxpayer Draw a sensitivity to probability graph : Draw a sensitivity to probability graph and explain what the values, axes, and lines represent. Show where Eduardo's best alternative is represented. Describe active participation : describe Active Participation as it relates to a taxpayers involvement in an investment in Real Estate Show how you would represent free clairvoyance : Eduardo, a confused graduate student, has just won the weekly Bingo prize, and now he has to choose among three alternatives. Study of the relationship between two variables : a. Rank the observations in each sample separately, and find each difference between the ranks, di. b. Find the sample correlation coefficient between the ranks Calculate the certain equivalents for each alternative : Calculate the certain equivalents for each alternative when the fraction of red balls is equal to 1/6 and then when the fraction is equal to 5/6. Calculate the accounts receivable turnover : Calculate the accounts receivable turnover and average collection period in days

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