The XYZ Partnership Reports the Following Operating Results for the Current

question 47

Multiple Choice

The XYZ Partnership reports the following operating results for the current year: $$\begin{array} { | l | r| } \hline \text { Net long-term capital loss } & ( \$ 40,000 ) \\\hline \text { Net Sec. } 1231 \text { loss } & ( 16,000 ) \\\hline \text { Ordinary income } & 50,000 \\\hline\end{array}$$ Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership. His distributive share of ordinary income is

• A) $6,800.
• B) $8,500.
• C) $10,000.
• D) $12,500.

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Definitions:

Language Development

The process by which children come to understand and communicate language during early childhood, involving both the comprehension and production of language.

Language Growth

The process by which individuals acquire and develop their language skills, typically occurring most rapidly in early childhood.

Two-word Sentences

The stage in early language development when children start combining two words to express ideas.

Morpheme

The smallest unit of meaning in a language.