Rita has a beginning basis in a partnership of $43,000.Rita's share of income and expense from the partnership consists of the following amounts: 
a.What items are separately stated?
b.What is Rita's self-employment income?
c.Calculate Rita's partnership basis at the end of the year.
Definitions:
Percentage
A portion of a whole expressed as a fraction of 100, used in quantifying proportions and ratios.
Descriptive Statistics
Statistical methods that summarize and organize data collected from a sample or population, including measures such as mean, median, and standard deviation.
Numerical Indexes
Measures or indicators that are expressed as numbers, often used to compare and analyze data.
Mean
The arithmetic average of a set of values, calculated by summing the values and then dividing by the number of values.
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