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Nicholas is a 4 5 % member of a partnership that had business income of $ 3 0 5 , 0 0 0 during the
Nicholas is a member of a partnership that had business income of $ during the current year determined in accordance with the rules of the ITA. Nicholas's share of this income is In the current year, Nicholas received a monthly salary from the partnership that totalled $ At the end of the year, the partnership distributed bonuses of $ to each of the partners. How much income from the partnership should Nicholas include in his income tax return for the current year?
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