### Gross income of partnership

##### Reference no: EM1319141

Rex is a partner with a 30% interest in the partnership profits when he received \$200,000. In 2013, the partnership generated \$400,000 of taxable income, and Rex withdrew \$100,000. In 2014, the partnership had \$600,000 of taxable income, and Rex was able to withdraw \$200,000. What is Rex's gross income from the partnership in 2013, and 2014?

#### Questions Cloud

 Hypothesis test using single proportion : What is the null hypothesis? What is your decision if a = 0.01? Find which numbers are solutions to the given equality : Find which numbers are solutions to the given equality. Interaction graph about three effects tested : Interpret the interaction graph in terms of what it shows about the three effects tested. Compare the additional income microsoft makes as it moves : Compare the additional income Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional income it makes as it moves from 40 million to 60 million copies of Vista. Gross income of partnership : In 2014, the partnership had \$600,000 of taxable income, and Rex was able to withdraw \$200,000. What is Rex's gross income from the partnership in 2013, and 2014? Drawing sample size from normal distribution : If the population mean is estimated within two days, how many salespeople should be sampled? Effect of westlands expansionary monetary policy : Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run also in the long run. The proportion of all adults who feel the identical way : In a poll of 1,004 adults, 93% indicated that restaurants and bars should refuse service to patrons who have had too much to drink. Construct the 90% confidence interval for the proportion of all adults who feel the identical way. Level of significance-integers not generated uniformly : At the 0.05 level of significance, is there sufficient reason to believe that the integers are not being generated uniformly?

### Write a Review

#### Explain essential employee capabilities

Explain three essential differences between employee capabilities and company core competencies. Why is it important for a trainer to understand these differences

#### Write a paper on leadership and transformation

Write a paper on Leadership and Transformation and aslo Impact of Transformational Experience.

#### Discuss the pricing and distribution strategies

Prepare a report that discusses the pricing and distribution strategies. Research the following topics for the latest information concerning issues, trends, and potential impact to your client and relate them to the concepts and theories from the ..

#### Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

#### Techniques of successful team building

Project life-cycle management as well as the benefits of project management to an organization. Project organizations as well as the importance of leadership and sponsorship. Project team building including techniques of successful team building

#### Various types of organizational structures

Using the concepts in the chapter, discuss the various types of organizational structures, i.e., functional, divisional (product, customer and geographic), and matrix.

#### Values and rights of stakeholders

What decision making criteria were ultimately used? What steps were taken to identify the values and rights of stakeholders? How were policy and legal requirements recognized?

#### Field of human resource management

Several issues occur in the field of human resource (HR) management. Sum up the responsibility of HR management to address and solve these problems.

#### Personalities play in critical thinking

Elucidate how critical thinking differs from creative thinking. Illustrate role do personalities play in critical thinking.

#### Hardball for women - the loyalty game

Hardball for Women, contains many useful tips that women need to know in order to navigate corporate culture. The following list of chapters has one or more discussion questions/exercises

#### Self-actualization needs and social needs

According to Maslow, these workers are motivated to satisfy which of his hierarchy of needs? A. B. C. D. self-actualization needs social needs safety needs physiological needs