Examlex
Charles Jordan files his income tax return on a calendar-year basis. He is a principal partner in a partnership using a tax year ending June 30. Jordan's share of the partnership's ordinary income was $24,000 for the fiscal year ending June 30 of last year and $72,000 for the fiscal year ending June 30 of the current year. Assume the partnership earned its income evenly throughout the year. How much should Jordan report on his Form 1040 for last year as his share of the partnership's ordinary income?
Cleveland Visitors Bureau
An organization dedicated to promoting tourism and providing information to visitors in the Cleveland area.
Weekend Getaway
A short leisure trip taken over a weekend, providing a brief break from daily routines.
Price Elasticity Of Demand
A measure of the responsiveness of the quantity demanded of a good to a change in its price.
Cleveland Visitors Bureau
An organization tasked with promoting tourism and attracting visitors to the Cleveland area.
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