Ms. Miller contributed business property to a partnership for her partnership interest. The property originally cost Miller $35,000, but at the time of the contribution, it had an adjusted basis of $30,000 and a FMV of $33,000. The partnership has no liabilities. What is the basis of Ms. Miller's partnership interest?

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs