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What is patricia taxable income from duet co

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Reference no: EM132004429

Question - Duet Co. is a calendar year S Corporation owned equally by Patricia and Scott. Duet Co. had taxable income of $40,000 for the current year. Patricia and Scott each received distributions from Duet Co. of $5,000. What is Patricia's taxable income from Duet Co. for the current year?

0

$5,000

$20,000

$25,000

$44,000

Reference no: EM132004429

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