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What the elaine share of the income

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Question - Partners Gary and Elaine have agreed to share profits and losses in an 85:15 ratio respectively, after Gary is allowed a salary allowance of $29700 and Elaine is allowed a salary allowance of $15600. If the partnership had net income of $29900 for 2020, what the Elaine's share of the income?

a. $15400.

b. $2140.

c. $13290.

d. $16610.

Reference no: EM133024073

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