Question: Partner A was given ( by her mother ) her 1 0 % interest in a partnership in which capital is a material income -
Partner A was given by her mother her interest in a partnership in which capital is a material incomeproducing factor. The income of the partnership is $ before consideration of any guaranteed payment to her mother. Her mother performs services for the partnership worth $ but only takes a guaranteed payment of $ in return. How much income will be allocated from the partnership?
$
$
$
$
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