The Partnership of Felix and Oscar Had the Following Items

question 39

Multiple Choice

The partnership of Felix and Oscar had the following items of income during the tax year ended December 31, 2014: What is the total ordinary income from business activities passed through by the partnership for the 2014 tax year?

• A)$156,000
• B)$157,000
• C)$162,000
• D)$170,000
• E)None of the above

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Definitions:

Nonmaleficence

A principle in ethics, especially medical ethics, that entails not causing harm to others.

APA Ethics Code

A set of guidelines and professional standards of conduct for psychologists, established by the American Psychological Association.

Beneficence

A principle in ethics focusing on actions that promote the well-being of others.

Nonmaleficence

A principle in medical ethics and other fields that entails not causing harm to others.