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Partners A and B operate a partnership. The partnership reported a net [ income of $30,000 for the current year. Partner A is provided a
Partners A and B operate a partnership. The partnership reported a net [ income of $30,000 for the current year. Partner A is provided a salary bonus of 20%, and the partnership agreement stipulates that the bonus is calculated on net income after subtracting the bonus, but before subtracting other allocations. In addition, Partners A and B are allocated interest of $5,000 and $4,000, respectively. Any remainder is to be allocated equally. What is the amount of Partner A's salary bonus for the year
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