Sophia Owns 20% of a Partnership That Reported Net Income

question 93

Multiple Choice

Sophia owns 20% of a partnership that reported net income of $130,000 for the year. During the year $18,000 was distributed to Sophia from the partnership. How much should Sophia include in her taxable income for the year?

• A) $44,000
• B) $29,000.
• C) $26,000
• D) $44,000.

Recognize the importance of satisfaction in contracts subject to personal judgement.

Understand Freud's theory of repressed memories and their impact on behavior and personality.

Differentiate between suppression and repression in the context of forgetting.

Comprehend the key aspects of Freud's psychoanalysis, especially in dealing with repressed memories.

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Definitions:

Cold War

The state of political and military tension after World War II between powers in the Western Bloc, led by the United States, and powers in the Eastern Bloc, led by the Soviet Union.

Soviet Union

A socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Global Dimensions

Relates to aspects, considerations, or activities that encompass or address the entire world, often in contexts of economy, politics, or environment.

Affluent Society

An affluent society refers to a community or nation that enjoys a high standard of living, wealth, and economic security, often characterized by the availability of goods, services, and leisure activities.