Question: Partner John Young has a choice to make. He has been offered by his partners a choice between no salary allowance and a one-third share

Partner John Young has a choice to make. He has been offered by his partners a choice between no salary allowance and a one-third share in the income or a salary of $16,000 per year and a one-quarter share of residual profits. Write a brief memorandum explaining the factors he should consider in reaching a decision.

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