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Compute the Tine share of the income

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Question - Partners Taryn and Tine have agreed to share profit and losses in an 80:20 ratio respectively after Taryn is allowed a salary allowance of $30,000 and Tine is allowed a salary allowance of $15,000. If the partnership has net income of $30,000 for 2017, compute the Tine's share of the income?

A) $15,000

B) $18,000

C) $3,000

D) $12,000

Reference no: EM132740835

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