Question 8 (Chapter 7) Sally 1s a single filer. She operates a business as a single-member LLC. In 2024, the LLC reports business income of 861,000 and business deductions of 1,900,000, How much of the loss 1s an excess business loss? How much of the loss can be used to offset non-business mmcome? Question 9 (Chapter 8) worth 3 points In January 2024, Wendy purchases an apartment building for $9,210,000. She places the building n service in May 2024. What will be Wendy's depreciation deduction for that year? Question 10 (Chapter 8) Please determine Pete's depreciation deduction (without $179 expensing or first year additional depreciation). Pete acquired the following new assets during the year: . A truck (7-year property) for which he paid $24,000 and placed in service in October. . Computers (3-year property) for which he paid $16,000 and placed in service in November. Adjusted MACRS Date Asset Basis/Cost Depreciation Percentage October Truck November Computers