The primary advantage of being a limited partner is:

a. the receipt of tax-free income.
b. the daily control over the business affairs of the partnership.
c. the partner's maximum loss is limited to their capital investment.
d. the lack of any potential financial loss.
e. the partner's active participation in the firm's activities.

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.

Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock