Note: use the following fact pattern for the next three questions.   Nicole and Paula each own 50 percent of Magnolia, an S corporation. Magnolia reported the following revenues and expenses:   Sales revenue – $720,000 Cost of goods sold – ($200,000) Depreciation expense (MACRS) – ($12,000) Sec. 179 expense – ($44,000) Long-term capital gains – $8,000 Qualified dividends – $5,000 Nontaxable interest income – $3,000 Salaries to owners – ($120,000) Employee wages (excluding salaries to owners) – ($50,000)   In addition, Nicole and Paula each received distributions of $10,000 from Magnolia.   [question 1 of 3] How much ordinary business income is allocated to Nicole?

Nicole and Paula each own 50 percent of Magnolia, an S corporation. Magnolia reported the following revenues and expenses:   Sales revenue – $720,000 Cost of goods sold – ($200,000) Depreciation expense (MACRS) – ($12,000) Sec. 179 expense – ($44,000) Long-term capital gains – $8,000 Qualified dividends – $5,000 Nontaxable interest income – $3,000 Salaries to owners – ($120,000) Employee wages (excluding salaries to owners) – ($50,000)   In addition, Nicole and Paula each received distributions of $10,000 from Magnolia.   [question 3 of 3] If Nicole’s basis in her Magnolia stock at the beginning of the year was $40,000, what is her basis after considering the above items?

When fertilization of an egg by a sperm occurs in a plant, a [answer1] zygote forms. The zygote will divide by mitosis to produce [answer2]. 

Which of the following are present in angiosperms (flowering seed plants) but not found in gymnosperms (non-flowering seed plants)?

Poetical and Literary Terms In literature, this is “anything that appeals to the senses.”  

Dodder is a plant that lacks chloroplasts and chlorophyll.  Is it capable of fixing CO2?

A mutation occurs in the chloroplasts of a lettuce plant, causing its thylakoid membranes to become freely permeable to hydrogen ions (H+), creating less of an H+ (proton) gradient. How might this mutation affect the Calvin cycle?

A beetle population has a gene with two alleles, B and b. You discover that the frequency of the B allele is 40%. What percent of the population is expected to be heterozygous?

Grammar / Punctuation / Usage Directions:  If the following sentence is written correctly, mark “A” for true.  If it is not written correctly, mark “B” for false.     =====================================================================================   Before you go to sleep make sure, you brush your teeth.  

Variegated leaves (white and green) are rarely found in wild plants but are common in garden plants and houseplants because people like their appearance.  Variegated plants are most likely rare in the wild because variegated plants: