Alicia just got a new job and will need to file taxes this year. During this year she gave birth to a little girl, borrowed $1,000 from her best friend, gave her
mother $500 to help pay some bills, and bought her younger cousin a pair of
shoes. Which one of these people could Alicia claim as a dependent?
O A. Her mother
O B. Her best friend
Ο Ο Ο
C. Her younger cousin
D. Her daughter

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.