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Carol and Candace are equal partners in Peach Partnership. In the current year, Peach had a net profit of $75,000 ($250,000 gross income - $175,000 operating expenses) and distributed $25,000 to each partner. Peach must pay tax on $75,000 of income.
Perennial
Describes plants that live for more than two years or streams that flow continuously throughout the year.
Gradient
A rate of inclination or slope, or the rate at which a physical quantity changes with respect to change in another quantity.
Cross-sectional Area
The area of a particular section of an object or material that is exposed when it is cut through by a plane.
Deposition
The geological process by which sediments, soil, and rocks are added to a landform or landmass, often carried by wind, water, or ice.
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