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Sandy and Dave Formed a Law Partnership, Agreeing to Split

Question 33

Multiple Choice

Sandy and Dave formed a law partnership, agreeing to split the income 50:50.The partnership had net income of $100,000.Dave withdrew $35,000 throughout the year, and Sandy withdrew $30,000.Dave and Sandy had no other income.Because of the partnership activities, Sandy's A.G.I, increased by


A) $100,000
B) $80,000
C) $50,000
D) $30,000

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