Sandy and Dave Formed a Law Partnership, Agreeing to Split

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.The partnership must pay taxes on income of

A) $0
B) $35,000
C) $65,000
D) $100,000