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250.000 gross income Carol and Candace are equal partners in Peach Partnership. In the current ver Peach had a profit of $25.000 $175,000 operating expenses)

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250.000 gross income Carol and Candace are equal partners in Peach Partnership. In the current ver Peach had a profit of $25.000 $175,000 operating expenses) and distributed 325.000 to each other. Peach must pay tax on $75,000 of incom True

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