The partnership had 600000 of taxable income and rex was, Ask an Expert

Management Studies

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?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9224440

Have any Question?Write your Review or question?

Related Questions in Business Management

Describe how the study of leadership theory ethics and

Describe how the study of leadership theory, ethics and social responsibility has and will continue to help an individual in college become a more effective manager.

Understanding the importance of international trade in

Understanding the Importance of International Trade in Various Countries Whereas imports and exports in the United States each account for about one-eighth of total annual national income, in some countries the figure is ...

Many of the relationships in our macroeconomic models are

Many of the relationships in our macroeconomic models are linear; two variables are related by the equation for a straight line y = mx+b. What is the relationship between (i) the sign of the slope m and (ii) the cyclical ...

Explain the purpose of each of the five parts in the ryan

Explain the purpose of each of the five Parts in The Ryan White Care Act. Explain other viewpoints or opposing viewpoints of the Act. Describe your stance on if there is a need for the Ryan White Care Act with the Afford ...

In your experiences or practicum observations what

In your experiences or practicum observations, what classroom setups did you find most useful? How do you see implementing these components in your classroom?

What kinds of trainings that can be used to fix the problem

What kinds of trainings that can be used to fix the problem of staff do not understand their tasks?

The following conversation has some mistakes can u help me

The following conversation has some mistakes, can u help me point them out? what are the mistakes? Mark: Hi, David, my company does not use much computer technology and I would like to change that. But I have a few quest ...

How can companies use product differentiation and the

How can companies use product differentiation and the capacity control to manage rivalry and to increase an industry's profitability.

Why might an organization decide to outsource all or some

Why might an organization decide to outsource all or some of its logistics activities to a third party?

Programming assignment 1a prime number is a positive

Programming Assignment 1: A prime number is a positive integer evenly divisible by exactly two positive integers: itself and 1. The first five prime numbers are 2, 3, 5, 7, and 11. Sometimes two consecutive odd numbers a ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert