Alice is a partner in Axel Partnership. Her share of the partnership's 2013 ordinary business income was $100,000. She received a $60,000 cash distribution from the partnership on December 1, 2013. Assuming that Alice's marginal tax rate is 39.6%, calculate her after-tax cash flow from the partnership in 2012.

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The Answer of Alice is a partner in Axel Partnership. Her share of the partnership's 2013 ordinary business income was $100,000. She received a $60,000 cash distribution from the partnership on December 1, 2013. Assuming that Alice's marginal tax rate is 39.6%, calculate her after-tax cash flow from the partnership in 2012.

Alice Is a Partner in Axel Partnership