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Larry and Darryl are partners of LD Accounting Services. This year their partnership earned a net income of $700,000. In addition, during the year, both
Larry and Darryl are partners of LD Accounting Services. This year their partnership earned a net income of $700,000. In addition, during the year, both Larry and Darryl also took out withdrawals of $60,000 each. For the taxation year, how much does Larry and Darryl have to include on their personal income tax returns as business income
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