Describe an Example of an Intuitively Good Life (It Can

question 12

Essay

Describe an example of an intuitively good life (it can be someone you know personally or only know about) and explain what features of that life make it good. Do you think that the desire satisfaction theory does a good job of explaining why that life is good? Explain and defend your response.

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Definitions:

Subchapter S Corporation

A type of corporation created through an IRS tax election to pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes.

Schedule K-1

A tax document used to report the income, losses, and dividends of a partnership or S corporation's partners or shareholders.

Separately Stated

Items on a partnership or S corporation tax return that must be reported separately on the owners' personal tax returns.

Taxable Dividend

A dividend paid to shareholders that is subject to income taxation.