In Computing the Ordinary Income of a Partnership, a Deduction

question 66

Multiple Choice

In computing the ordinary income of a partnership, a deduction is allowed for

• A)net Sec. 1231 losses.
• B)bad debts.
• C)foreign income taxes paid.
• D)charitable contributions.

---

Definitions:

Organized

refers to the characteristic of being systematic and efficient in arrangement or function.

Brain Scans

Imaging tests such as MRI or CT scans used to examine the structure or function of the brain.

Personality

The unique set of emotional, thought, and behavioral patterns that define an individual’s personal style and influence their interactions with the environment.

Extraversion

A personality trait characterized by outgoingness, high energy, and an active engagement with the external world.