In the Current Year, the POD Partnership Received Revenues of $200,000

question 50

Multiple Choice

In the current year, the POD Partnership received revenues of $200,000 and paid the following amounts: $50,000 in rent and utilities and $20,000 as a distribution to partner Olivia. In addition, the partnership earned $6,000 of long- term capital gains during the year. Partner Donald owns a 50% interest in the partnership. How much income must Donald report for the tax year?

• A) $68,000 ordinary income.
• B) $78,000 ordinary income.
• C) $65,000 ordinary income; $3,000 of long-term capital gains.
• D) $75,000 ordinary income; $3,000 of long-term capital gains.

Understand the consequences of political behavior for individuals and organizations, including promotion opportunities and job security.

Identify strategies for workers to effectively manage and navigate organizational politics.

Understand the distinctions between social and cultural animals, including their behaviors and characteristics.

Identify and explain the impact of human culture on evolution and behavior.

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Definitions:

Customers

Individuals or businesses that purchase goods or services from a company.

Mission Statement

A formal, succinct statement declaring the goals, purpose, and values of an organization or company.

Short-Term

Relating to or occurring within a brief period of time, typically less than a year.

Meaningful

Something that holds significant importance or relevance, often in a way that is personal or impactful to individuals or communities.