Janice,single with one dependent child,had the following items for the year 2012: Determine Janice's net operating loss for the year 2012.

Name: Janice,single with one dependent child,had the following items for the year 2012: Determine Janice's net operating loss for the year 2012.
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Question

Janice,single with one dependent child,had the following items for the year 2012:  Determine Janice's net operating loss for the year 2012.

Quizplus · Accepted Answer

Janice's total income for the year was $25,000, while her total deductions were $40,000. This results in a net operating loss of $15,000 ($25,000 - $40,000 = -$15,000). Therefore, the correct answer is C.

Janice,single with One Dependent Child,had the Following Items for the Year