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Taya is a 25% partner in a sewing and alterations specialty business. Under the terms of the partnership agreement, she is to receive 25% of
Taya 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 $110,000, what amount of income does Taya earn from this partnership? $27,500 $35,000 $42,500 $110,000
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