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Partner joe had a capital balance on january 1 2008 of

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Partner Joe had a capital balance on January 1, 2008 of $45,000 and made additional capital contributions during 2008 totaling $50,000. During the year, Joe withdrew $8,000 per month. Joe's post-closing capital balance on December 31, 2008 is $30,000. Joe's share of 2008 partnership income is?

Reference no: EM13572496

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