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What is the? partnership net business income

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Question - ABC Partnership has three? partners, A,? B, and? C, who share equally in the net income of the partnership. During the current? year, the? partnership's net accounting income is? $120,000, after deductions for partner salaries of? $90,000, charitable donations of? $1,000, political donations of? $500, and other administrative expenses of? $35,000. What is the? partnership's net business income of the partnership for tax? purposes?

Reference no: EM133032231

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