Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This year, the LLC generates $80,000 of ordinary taxable income and has no separately stated income or expenses. Enercio withdrew $10,000 from the partnership during the year. If an amount is zero, enter "0". Enercio is taxed on what amount of ABC's income? $ How much of the $10,000 withdraw will Enercio be taxed?

$32,000

$4,000

Explanation:

Enrico will be taxed on 40 percent of the $80,000 taxable income as follows:

80,000 x 0.40 = $32,000

Enrico will be taxed on 40 percent of the $10,000 distribution as follows:

10,000 x 0.40 = $4,000

Therefore Enercio will be taxed $32,000 of ABC's income and for the withdraw Enercio will be taxed $4,000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this