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Tom and bills partnership has $ 1 0 0 , 0 0 0 of income and $ 5 0 , 0 0 0 of expenses
Tom and bills partnership has $ of income and $ of expenses for the taxable year. each partner has a guaranteed salary of $ per year with no interest applicable. the partnership agreement calls for splits of income and loss. which set of number presents the net ordinary income of the partnership, the remaining income, and the amount that should be distributed to each partner for the year's operations?
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