Mike Contracted with Kram Company, Mike's Controlled Corporation

question 84

Multiple Choice

Mike contracted with Kram Company, Mike's controlled corporation. Mike was a medical doctor and the contract provided that he would work exclusively for the corporation. No other doctor worked for the corporation. The corporation contracted to perform an operation for Rosa for $8,000. The corporation paid Mike $6,500 to perform the operation under the terms of his employment contract.

• A) Mike's gross income is $6,500.
• B) Mike must recognize the $8,000 gross income because he provided the service.
• C) Mike must recognize $8,000 gross income since the patient obviously wanted him to perform the operation.
• D) The Kram Company corporation's gross income is $1,500.
• E) None of these.

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Definitions:

Genome

Sum of all the genetic information in a cell or organism.

Host Specificity

The degree to which a parasite or pathogen can infect only a limited range of host species.

Intracellular Parasites

Intracellular parasites are organisms that live within the cells of their host, relying on their host's resources for survival, often causing disease.

Acellular

Not consisting of, divided into, or containing cells.