During the year ending December 31, 2020, WIN Partnership has business income of $80,000, capital gains of $23,000, and receives eligible dividends of $8,500. Sally Winters has a 40 percent interest in the income of this partnership. During 2020, Sally withdraws $25,000 from the partnership.
Determine the tax consequences for Ms. Winters for the 2020 taxation year.

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The Answer of During the year ending December 31, 2020, WIN Partnership has business income of $80,000, capital gains of $23,000, and receives eligible dividends of $8,500. Sally Winters has a 40 percent interest in the income of this partnership. During 2020, Sally withdraws $25,000 from the partnership.
Determine the tax consequences for Ms. Winters for the 2020 taxation year.

During the Year Ending December 31, 2020, WIN Partnership Has