On January 2, 2018, David Loans His S Corporation $10,000

question 114

Multiple Choice

On January 2, 2018, David loans his S corporation $10,000. By the end of 2018 David's stock basis is zero and the basis in his note has been reduced to $8,000. During 2019, the company's operating income is $10,000. The company makes 2019 distributions to David of $11,000. David reports a(n) :

• A) $1,000 LTCG.
• B) $3,000 LTCG.
• C) $11,000 LTCG.
• D) Loan basis of $10,000.

Analyze the effects of external economic conditions on labor supply.

Explain the concept of human capital and its importance to both individuals and firms.

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Identify and differentiate between outputs, outtakes, inputs, outcomes, and impact within a social media plan.

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Definitions:

Wage Increases

The raising of the amount of money that workers are paid for their labor.

Knights Of Labor

An influential 19th-century American labor organization that aimed to protect and promote the interests of workers, advocating for an eight-hour workday and the abolition of child labor.

Wage Labor

A socioeconomic relationship between a worker and an employer, where the worker sells their labor under a formal or informal employment contract, and is paid a regular wage or salary.

Andrew Carnegie

A 19th-century industrialist and philanthropist who led the expansion of the American steel industry and is often considered one of the richest people in history.