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Maria, Who Owns a 50% Interest in a Restaurant, Has

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Maria, who owns a 50% interest in a restaurant, has been a material participant in the restaurant activity for the last 20 years. She retired from the restaurant at the end of last year and will not participate in the restaurant activity in the future. However, she continues to be a material participant in a retail store in which she is a 50% partner. The restaurant operations produce a loss for the current year, and Maria's share of the loss is $80,000. Her share of the income from the retail store is $150,000. She does not own interests in any other activities.


Definitions:

Unpacking

The process of analyzing or breaking down complex concepts into simpler, more understandable components.

White Privilege

The societal advantages that benefit people identified as white beyond what is commonly experienced by non-white people under the same social, political, or economic circumstances.

Biological Determinism

Biological Determinism is the belief that human behavior and characteristics are solely determined by genetics and biological factors, disregarding the influence of environment and culture.

Institutional Racism

Systemic policies, practices, and procedures within institutions that disproportionately disadvantage certain racial or ethnic groups.

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