Multiple Choice
Debra and Lawrence have an equal partnership.This year,after expenses,the partnership had a profit of $200,000.Debra and Lawrence will each pay taxes on:
A) whatever they receive from the partnership.
B) $50,000.
C) $100,000.
D) None of the above. The partnership itself will pay the taxes on the business's profit.
Correct Answer:
Verified
Correct Answer:
Verified
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