Read carefully:  What question did you THINK would be on the…

Read carefully:  What question did you THINK would be on the exam … but wasn’t.  Basically, you were sure I would ask this ONE thing–but you didn’t see it on the exam.    What was that question? What is the answer to the question you just wrote.   Why do you think that question is so important?    Have a wonderful break! 

Joey actively participates in the managing of his rental pro…

Joey actively participates in the managing of his rental property.His AGI is $125,000 for the current year and the rental real estate business had a loss of $20,000. What is Joey’s available loss against ordinary income assuming he has the required amount at risk?

31 Essay QuestionClive Wearing’s Memory Problems Background:…

31 Essay QuestionClive Wearing’s Memory Problems Background: Clive Wearing, a former musician and conductor, suffers from one of the most severe cases of amnesia ever recorded. After contracting a brain infection (herpes encephalitis) in 1985, Wearing experienced significant damage to his hippocampus and surrounding areas, resulting in profound anterograde amnesia and partial retrograde amnesiaDescribe the types of memory issues he should have based on his type of brain damageExplain what problems he should have and what skills or abilities he might retain.Provide some ideas about the impact of this type of brain damage on his life