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Yee Manages Huang Real Estate, a Partnership in Which She

Question 70

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Yee manages Huang real estate, a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments, but no less than $80,000 per year.In the current year, the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment?


A) Yee manages Huang real estate, a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments, but no less than $80,000 per year.In the current year, the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment? A) B) C) D)
B) Yee manages Huang real estate, a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments, but no less than $80,000 per year.In the current year, the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment? A) B) C) D)
C) Yee manages Huang real estate, a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments, but no less than $80,000 per year.In the current year, the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment? A) B) C) D)
D) Yee manages Huang real estate, a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments, but no less than $80,000 per year.In the current year, the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment? A) B) C) D)

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