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Mo and Al are equal partners in a partnership which received the following income in Year 1 : business income of $ 1 5 0
Mo and Al are equal partners in a partnership which received the following income in Year : business income of $ noneligible dividends of $ and a capital gain of $ Mo withdrew $ from the partnership during Year and Al withdrew $ Neither partner has income from any other sources. Which of the following is correct for the Year taxation year?
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Both partners have a net income for tax purposes of $
Both partners have a net income for tax purposes of $
Mo's net income for tax purposes is $ and Al's net income for tax purposes is $
Both partners have a net income for tax purposes of $
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