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Question 11 of 75. Dakota is a 20% partner in A Smidgen of Fluff, a pillow store. Under the terms of the partnership agreement, she
Question 11 of 75. Dakota is a 20% partner in A Smidgen of Fluff, a pillow store. Under the terms of the partnership agreement, she is to receive 20% of the partnership income, but no less than $25,000. If the store's net income for the year is $100,000, what amount of income does Davoya earn from this partnership?
$5,000
$20,000
$25,000
$45,000
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