Calculating profits shares when there is a partnership salary Cindy, David and Fitz are in partnership, sharing profits and losses in the ratio 3:3:2. Fitz is entitled to a partnership salary of $34,000 per annum for taking responsibility for the day-to-day running of the business.

Calculate each partner's share of the profit for the year ended 31 January 2015, when the partnership made a profit of $274 000.