What Is the Simple Way to Explain the Difference Between

question 56

Multiple Choice

What is the simple way to explain the difference between 'gender' and 'sex'?

• A) Sex is biological, while gender is psychological.
• B) Sex is biological, while gender is culturally constructed.
• C) Gender is biological, while sex refers to one's sexual orientation.
• D) Gender is genetic, while sex is epigenetic.
• E) There is no difference; gender and sex are always the same.

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Definitions:

Ordinary Expense

In tax terminology, ordinary expense refers to any expense common and accepted in your trade or business operation.

Income Recognition

The accounting principle stating that income should be recognized in the accounting period in which it is earned, regardless of when the cash is received.

Partnership %

A percentage representation of an individual partner's stake in a partnership, correlating to their share of profits, losses, and liabilities.

Partnership Basis

The amount of a partner's investment in a partnership, used to determine the tax treatment of distributions, additional contributions, and share of partnership income or loss.