Ch 13: Business Income Calculations

About This Chapter

Get practice making business income calculations with this series of simple lessons and quizzes. You can access the chapter at any time to boost your business income knowledge for upcoming exams and assignments.

Business Income Calculations - Chapter Summary

This mobile-friendly chapter covers a variety of business income calculation topics. Our expert instructors will help you understand concepts like the cost of goods sold, net income and loss, gross income, at-risk limitation and much more. Reviewing this chapter can help you:

  • Calculate the cost of goods sold
  • Differentiate between gross and net income
  • Use the formula for net loss
  • Explain the rules regarding passive activity loss and tax shelters
  • Understand at-risk limitation requirements
  • Assess the tax obligations of debt cancellation

Each lesson comes with a short quiz that covers important business income terms, formulas and concepts. Try the chapter exam, and submit questions to our instructors if you need any extra help with the material. The chapter is also accessible on any Internet-connected device, which allows you to study at school, at work, at home or wherever you happen to be.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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