Alice is a partner in Axel Partnership.Her share of the partnership's current ordinary business income was $100,000.She received a $60,000 cash distribution from the partnership on December 1.Assuming that Alice's marginal tax rate is 39.6%,calculate her after-tax cash flow from the partnership this year.

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The Answer of Alice is a partner in Axel Partnership.Her share of the partnership's current ordinary business income was $100,000.She received a $60,000 cash distribution from the partnership on December 1.Assuming that Alice's marginal tax rate is 39.6%,calculate her after-tax cash flow from the partnership this year.

Alice Is a Partner in Axel Partnership