Which of the Following Is Not Used to Calculate Ordinary

question 15

Multiple Choice

Which of the following is not used to calculate ordinary income (loss) on Form 1065?

• A)Business interest income
• B)Ordinary income from other partnerships and fiduciaries
• C)Payments to Keogh or IRA plans for partners
• D)Cost of goods sold
• E)Guaranteed payments to partners

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Definitions:

Control Over Behavior

The ability of an individual to regulate actions and reactions in accordance with societal norms or personal goals.

Healthy Self-Concept

A positive perception or image of oneself, reflecting confidence and an understanding of one's strengths and weaknesses.

Number 1

Often represents the first in a series or a winner in a competition; in mathematics, it's the natural number that follows 0 and precedes 2.