The partnership agreement between Paul Richardson and his wife Kylie provided that a salary of $80,000 pa is to be paid to Kylie for secretarial services and thereafter any residual profit or loss is to be shared equally between Paul and Kylie. The accountant has provided the following information in relation to the 2019/20 tax year for the partnership: $ Sales 800,000 Cost of sales 300,000 Other expenses (including Kylies salary of $80,000) 200,000 Capital gain on the disposal of shares 100,000 After the partnership was exposed to an audit, the Commissioner of Taxation amended Kylies salary to just $55,000 with regard to what was deemed a fair market value for secretarial services in the 2019/20 tax year. Required: Briefly discuss the tax implications of disallowing a portion of Kylies salary and calculate the s. 90 net partnership income and partnership distribution. Show all calculations and cite relevant legislation where appropriate to support your answer. (10 marks) (250 words not including calculations)