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When Computing the Partnership's Ordinary Income, a Deduction Is Allowed

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When computing the partnership's ordinary income, a deduction is allowed for


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Social Laws

Norms and rules that govern behavior within a society, often formalized into legal codes and regulations.

Human Behavior

The range of behaviors exhibited by humans and which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Positivism

A system of thought that regards scientific observation to be the highest form of knowledge.

Scientific Observation

The process of carefully watching and analyzing phenomena in a systematic way to gain empirical knowledge.

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