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Anaerobic exercise has been found to be quite a bit more effective at lowering stress than
aerobic exercise.
Separately Stated Item
A specific item of income, deduction, gain, or loss that must be reported separately on tax returns to ensure it is treated correctly for tax purposes.
Ordinary Income
Income earned through standard operations, including wages, salaries, commissions, and interest, which is taxed at individual rates.
Recourse Liabilities
Liabilities for which an individual or entity is personally liable, meaning creditors can pursue the individual's assets if the liability is not settled.
Partnership Interest
An ownership share in a partnership, representing the holder's proportionate rights and obligations in the partnership's profits, losses, and capital.
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