AGGREGATE THEORY Definition

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AGGREGATE THEORY is a theory of partnership taxation in which a partnership is considered as an aggregate of individual co-owners who have bound themselves together with the intention of sharing gains and loses; under this theory, the partnership itself has no existence separate and apart from its members.

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MEDIAN is the value of the midpoint variable when the data are arranged in ascending or descending order.

FUTA see FEDERAL UNEMPLOYMENT TAX ACT.

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