Jack owns a 10% interest in a partnership (not real estate) in which his at-risk amount is $42,000 at the beginning of the year. during the year, the partnership borrows $80,000 on a nonrecourse note and incurs a loss of $60,000 from operations. jack's at-risk amount at the end of the year is $44,000.

 The correct answer is :  False

Step-by-step explanation:  Jack's year-end risk amount is:

10% loss :  $ 60,000 x 10% = $ 6,000

$ 42,000 - $ 6,000 = $ 36,000, this is the value of Jack's year-end risk amount

The amount a taxpayer has at risk is increased by the taxpayer's share of additional recourse debt and decreased by the share of losses from the activity. The at-risk amount is not affected by nonrecourse debt.

The median number of push-ups is 8.

Step-by-step explanation:

We use the median to find the "middle" value of a sample, that is, the value separating the lower half from the upper half of the sample.

If the size of the sample is even

1,2,3,4

Both the upper half and the lower half should have the same size.

In this case, it is not possible to select only one value which respects this condition. So the mean between 2 and 3 = 2.5 is calculated. This value is not part of the sample.

If the size of the sample is odd

1,2,3,4,5

For a n-sized sample, with n odd, the median is the value at the position (n+1)/2. So her, it is 3, the value at the third position. In this case, it is always going to be an element at a position in the sample, that is, an element of the sample.

In this question:

Initially, we list the number of pushups sorted in an increasing way.

6,8,8,14,18

The size of the sample is 5.

The median value is at the position (5+1)/2 = 3.

So it is 8, which is the element at the 3rd position.