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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 $100,000 of income and $50,000 of expenses for the taxable year. each partner has a guaranteed salary of $10,000 per year with no interest applicable. the partnership agreement calls for 50/50 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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