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Business, 18.02.2021 20:30 njones58emailtjcedu

Pegg Construction, a partnership of three brothers, had a net income before taxes of $300,000. The brothers have agreed that all profit will be shared in equal parts. John Pegg is single and has an income of $500,000 from other sources. How much will John pay in taxes for the $100,000 from the partnership with his siblings

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Pegg Construction, a partnership of three brothers, had a net income before taxes of $300,000. The b...
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