Question
PharoahCompany reported net income of $89,300. The partnership agreement provides for salaries of $24,700to Miley and $18,400to Guthrie. They divide the remainder37% to Miley and63%
PharoahCompany reported net income of $89,300. The partnership agreement provides for salaries of $24,700to Miley and $18,400to Guthrie. They divide the remainder37% to Miley and63% to Guthrie.
Calculate division of net income.
Miley Guthrie
Division of net income $ $
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
