Examlex
Functionalism was criticized for exaggerating the degree of consensus that people in a society share. Which theorist then proposed that social structures may have different impacts on different groups of people?
Partnership
A type of business structure where two or more people share ownership, as well as the responsibility for managing the business and the income or losses it generates.
Ordinary Income
Income earned through salaries, wages, commissions, and interest, subject to standard tax rates.
Long-term Capital Gains
Profit from the sale of an asset held for more than one year, typically taxed at a lower rate than ordinary income.
Special Allocations
In partnership taxation, the distribution of income, gain, loss, deduction, or credit to partners in a way that does not directly correspond to their ownership percentage.
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