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8. Mr. Wilson is 66 years old and single. His income for 2009 consisted
of the following: Taxable pension $10,000 Taxable interest 9,000
Taxable dividends 5,000 Social security payments 5,000 He did not
have any adjustments to income. What amount of W's social security
benefits is taxable?
9. Explain the Assignment of Income Doctrine (AID) and the "fruit-
of-the-tree" doctrine.
10. Explain the Constructive Receipt Doctrine.
11. Explain the Economic Benefit Doctrine.
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ACCT 553 Week 3 Homework
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Chapter 7
1. In your "own" words, please describe what a "Suspended Loss" is,
how it is generated and when it is becomes deductible. (5 pts)
2. Please describe "Active Participation" as it relates to a taxpayer's
involvement in an investment in Real Estate. (5 pts).