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Cecelia is a 30% partner in Arlette's Bakery. Under the terms of the partnership agreement, she is to receive 30% of the partnership income, but
Cecelia is a 30% partner in Arlette's Bakery. Under the terms of the partnership agreement, she is to receive 30% of the partnership income, but no less than $10,000. If the bakery's net income for the year is $40,000, what amount of income does Cecelia earn from this partnership?
A) $9,000
B) $10,000
C) $12,000
D) $19,000
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