Business, 19.10.2021 14:00 YoungKukie24

Abhijeet owns a 30% interest in the capital and profits of Emerald Company (a calendar year partnership). For tax year 2021, the partnership earned revenue of $900,000 and had operating expenses of $660,000. During the year, Abhijeet withdrew from the partnership a total of $90,000. He also invested an additional $30,000 in the partnership. For 2021, Abhijeet's gross income from the partnership is:. a. $132,000.
b. $90,000.
c. $72,000.
d. $162,000.

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Abhijeet owns a 30% interest in the capital and profits of Emerald Company (a calendar year partners...