Question: Partner X earned $ 6 5 , 7 0 0 from a partnership and did not make any withdrawals from the partnership during the year.

Partner X earned $65,700 from a partnership and did not make any withdrawals from the partnership during the year. Partner Y earned $54,750 from the partnership but withdrew $9,855 from the partnership during the year. How much must Partner Y report as income from the partnership in his income tax return?
Multiple Choice
$44,895
$54,750
$120,450
$75,555

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