Tanner and Teresa share income and losses in a 2:1 ratio after allowing for salaries of $45,900 to Tanner and $71,100 to Teresa. Net income of the partnership is $137,700. Income should be divided as follows: a. Tanner, $59,700; Teresa, $78,000 b. Tanner, $83,000; Teresa, $54,700 c. Tanner, $55,700; Teresa, $82,000 d. Tanner, $54,700; Teresa, $83,000

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Your own record of all your transactions. a. check register b. account statement

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?