Latoya Owns a 10% Interest in the ABC Partnership from January

question 97

Multiple Choice

Latoya owns a 10% interest in the ABC Partnership from January 1 through June 30 (the 181st day of the tax year) of the current year (a non-leap year) . On July 1, Latoya buys an additional 10% interest in the partnership. The XYZ Partnership's ordinary income is $109,500 and it is earned evenly throughout the year. Latoya's distributive share of the ordinary income is

• A)$16,380.
• B)$16,425.
• C)$16,470.
• D)$21,900.

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Definitions:

Inherently Good

A philosophical view that suggests something possesses fundamental, moral positivity by its very nature.

Punishments

Consequences that are applied with the intention of reducing or eliminating an unwanted behavior by causing discomfort or displeasure to the individual receiving it.

Discipline

Discipline involves training or developing by instruction and exercise, especially in self-control or enforcement of orderly conduct, according to rules or principles.

Ecological Systems Theory

The view that explains child development in terms of the reciprocal influences between children and environmental settings.