Brianna and Jarred are 50% partners in Wheels Partnership. Wheels has a good year and...
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Accounting
Brianna and Jarred are 50% partners in Wheels Partnership. Wheels has a good year and brings in $150,000 of income with $50,000 in expenses. Wheels distributes $25,000 to Brianna. What amount of income will Jarred have to pay tax on?
$200,000
$25,000
$150,000
$50,000
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