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What is the taxable income of each partner

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Question - Alex and Maura are partners in a candy shop. After all expenses, the accounts show a net income of $95,000 for the year ended 30 June 2020. This is after a payment of $80,000 to Alex and $55,000 to Maura by way of salary. The net income of the practice after salaries is to be split evenly. What is the taxable income of each partner?

Reference no: EM133020939

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