Mr. Brion is a partner of BINH & Co. a general professional partnership (GPP), Who owns 30% interest therein. The 2018 gross receipts of the partnership amounted to 8,500,000.00 costs of services and operating expenses were 2,200,00.00 and 1,300,000300 respectively. Determine the income tax liability of Mr. Brion for 2018
Mr. Brion is a partner of BINH & Co. a general professional partnership (GPP), Who owns 30% interest therein. The 2018 gross receipts of the partnership amounted to 8,500,000.00 costs of services and operating expenses were 2,200,00.00 and 1,300,000300 respectively. Determine the income tax liability of Mr. Brion for 2018
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 12DQ
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Mr. Brion is a partner of BINH & Co. a general professional partnership (GPP), Who owns 30% interest therein. The 2018 gross receipts of the partnership amounted to 8,500,000.00 costs of services and operating expenses were 2,200,00.00 and 1,300,000300 respectively. Determine the income tax liability of Mr. Brion for 2018
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