Question
For the year ended December 31, 2021, the partnership of Charles and Paul had total accounting book income of $75,000, which included all of the
For the year ended December 31, 2021, the partnership of Charles and Paul had total accounting book income of $75,000, which included all of the following: (a) Short-term capital loss, $3,100; (b) Long-term capital gain (on sale of securities), $4,300; (c) dividends on stock investments, $1,000, and (d) charitable contributions of $800. The partners share profits and losses equally. What is each partner's share of the partnership's non-separately stated income (ordinary taxable income of partnership)?
Question options:
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$36,000
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$36,800
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$38,200
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