Lance and Darrell Have an Equal Partnership

question 15

Multiple Choice

Lance and Darrell have an equal partnership.This year,after expenses,the partnership had a profit of $100,000.Lance and Darrell will each pay taxes on:

• A) whatever they receive from the partnership.
• B) $50,000.
• C) $100,000.
• D) None of the above. The partnership itself will pay the taxes on the business's profit.

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Definitions:

Confederate

An individual in a study who is secretly working with the researchers, often used in psychological experiments to manipulate social interactions without the other participants’ knowledge.

Authority Figure

An individual who holds power or influence over others, often in a hierarchical organization or society.

Stanley Milgram

A psychologist best known for his landmark experiment on obedience to authority figures, conducted in the 1960s, demonstrating how ordinary people can commit unthinkable actions under pressure.

Obedience Study

A series of experiments that demonstrate the extent to which individuals will follow orders from an authority figure, even when such orders result in harm to others, most famously illustrated by Stanley Milgram's experiments.