Alice is a partner in Axel Partnership. Her share of the partnership's 2012 ordinary business income was $100,000. She received a $60,000 cash distribution from the partnership on December 1, 2012. Assuming that Alice's marginal tax rate is 35%, calculate her after-tax cash flow from the partnership in 2012.
A) $65,000
B) $39,000
C) $60,000
D) $25,000
Correct Answer:
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