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Engineering, 12.02.2020 00:10 wweghorst8275

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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