Jeff and Mike decide to start a law practice together (Yes? Mike is a lawyer too? Scary, I know! P.S. So are Jim and Ricardo? but we'll save that for another question). They form their practice as a general partnership, with each person owning 50% of the practice. Mike and Jeff had an incredibly good year and accumulated $250,000 in cash in the bank. Mike and Jeff decide that each of them will take $100,000 as a bonus at the end of the year. On December 18, the State Child Support collection agency garnished the partnership account seeking to collect on Mike's past due child support. 

How much could the Child Support collection agency get from the account?  

Answer rating: 100% (QA)

The Child Support collection agency can potentially garnish up to 50000 from the partnership account ... View the full answer