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X and Y are equal partners in a business partnership. The income and expenses of the partnership are as follows: The net income of the
X and Y are equal partners in a business partnership. The income and expenses of the partnership are as follows:
The net income of the partnership is:
Question
Please refer to the facts in Q and the calculation of net income from the partnership. State the amount of net income of the partnership to be attributed to each partner into their taxable income in the space below. Just state
the figure whole dollar without any commas, full stops or dollar signs.
The amount of net income of the partnership to be included in Partner s taxable income will be
The amount of net income of the partnership to be included in Partner s taxable income will be
here is the question for incometax framework
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