Question: Exercise 21-17 (Algorithmic) (LO. 2) Enercio contributes $294,800 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a

Exercise 21-17 (Algorithmic) (LO. 2) Enercio contributes $294,800 in exchange for

Exercise 21-17 (Algorithmic) (LO. 2) Enercio contributes $294,800 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This year, the LLC generates $235,840 of ordinary taxable income. Enercio withdrew $29,480 from the partnership during the year. If an amount is zero, enter "O Enercio is taxed on what amount of ABC's income? How much of the $29,480 withdraw will Enercio be taxed

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