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L&J Interests is a partnership with two equal partners, Linda and Joanne. The partnership has income for the year of $44,400 before guaranteed payments Guaranteed
L&J Interests is a partnership with two equal partners, Linda and Joanne. The partnership has income for the year of $44,400 before guaranteed payments Guaranteed payments of $26,640 are paid to Linda during the year Calculate the amount of income that should be reported by Linda and Joanne from the partnership for the year. Linda should report income of Joanne should report income of
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