Multiple Choice
Sophia owns 20% of a partnership that reported net income of $130,000 for the year.During the year $18,000 was distributed to Sophia from the partnership.How much should Sophia include in her gross income for the year?
A) $44,000.
B) $29,000
C) $26,000
D) $44,000
Correct Answer:
Verified
Correct Answer:
Verified
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