Question: * * * * give me C correct answer * * * Problem 1 1 - 6 2 ( LO . 9 ) Tonya sells

****give me C correct answer***
Problem 11-62(LO.9)
Tonya sells a passive activity in the current year for $150,000. Her adjusted basis in the activity is $50,000, and she uses the installment method of reporting the gain. The activity has suspended losses of $12,000. Tonya receives $60,000 in the year of sale.
a. What is her gross profit ratio on the sale? $100,000$150,000=23
b. Her recognized gain for the current year is $40,000
c. Tonya can currently deduct $ 12,000 X of suspended losses.
* * * * give me C correct answer * * * Problem 1

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