Question: If a partnership (or any other nontaxable entity) with three partners (or members) earns $60,000 in a year, how much will each partner take home?

If a partnership (or any other nontaxable entity) with three partners (or members) earns $60,000 in a year, how much will each partner “take home”? What if, instead of being partners, they were shareholders in a corporation?

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Each partners share is 20000 At a tax rate of 33 percent they will each pay 6600 in taxes leaving 1... View full answer

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