Question
Alejandra is a 50% partner in ABC LLC. For the current year, the partnership reported a taxable income of $175,000 and it distributed $100,000 to
Alejandra is a 50% partner in ABC LLC. For the current year, the partnership reported a taxable income of $175,000 and it distributed $100,000 to the two partners 50,000 each.
a. What is the overall tax effect of this transaction?
b. what if ABC LLC was to be taxable as a corporation, what would be the overall tax effect of this transaction?
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Process Safety Management Risk Management Planning Auditing Handbook A Checklist Approach
Authors: David Einolf, Luverna Menghini
1st Edition
086587686X, 978-0865876866
