The PA Partnership reported the following current year earnings: $24,000 interest from tax-exempt bonds, $70,000 long-term capital gain, and $95,000 net income from operations. Patrick saw these numbers and told his partner, Angie, that the partnership had $95,000 of taxable income. Is he correct? Explain your answer. Partnership taxable income is This results in PA Partnership having of taxable income. Therefore, Patrick