Latoya Owns a 10% Interest in the ABC Partnership from January

question 97

Multiple Choice

Latoya owns a 10% interest in the ABC Partnership from January 1 through June 30 (the 181st day of the tax year) of the current year (a non-leap year) . On July 1, Latoya buys an additional 10% interest in the partnership. The XYZ Partnership's ordinary income is $109,500 and it is earned evenly throughout the year. Latoya's distributive share of the ordinary income is

• A)$16,380.
• B)$16,425.
• C)$16,470.
• D)$21,900.

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Definitions:

Social Cognitive Theory

A learning and social behavior theory suggesting that people can learn new actions by watching and mimicking others.

Behaviorism

A psychological theory focusing on observable behaviors and the ways they're learned.

Trait Theory

An approach to personality that focuses on the identification and measurement of specific characteristics or traits that differentiate individuals.

Personality Tests

Assessments designed to measure and profile a person's character, traits, and behaviors, often used in psychology and HR contexts.