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Reva is a 25% partner in a sewing and alterations specialty business. Under the terms of the partnership agreement, she is to receive 25% of
Reva is a 25% partner in a sewing and alterations specialty business. Under the terms of the partnership agreement, she is to receive 25% of the partnership income, but no less than $35,000. If the business's net income for the year is $90,000, what amount of income does Reva earn from this partnership?
$22,500
$35,000
$57,500
$90,000
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