You are a 25% partner of ABC, LP. Here are some additional facts – • ABC’s 2020 partnership tax return, when filed, will show that it earned total taxable income for the year 2020 of exactly $1,740,000.
• ABC distributed cash to its partners during 2020 in the aggregate total amount (i. e., to all partners as a group) of $1,400,000.

What total taxable income amount will you be reporting on your 2020 Form 1040 (when filed) as a result of your status as an ABC partner?

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.