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Q. Alice is a partner in Axel Partnership. Her share of the partnership's 2011 ordinary business income was $100,000. She received a $60,000 cash distribution from the partnership on December 1, 2011. Assuming which Alice's marginal tax rate is 35%, calculate her after-tax cash flow from the partnership in 2011.
How do you explain the fact that morally evil people can be highly educated in terms of ethics and religion? In other words, how do you account for the gap that sometimes occurs between knowledge of ethics and being an ethical person?
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