Depending on how much of a role the vice president is given by the president, the vice presidency's impact has changed drastically.
- The only constitutional obligation for a vice president is to preside over the Senate, except from taking over as president in the event of a president's demise or resignation. Vice presidents are not permitted to cast a vote in the Senate, with the exception of breaking a tie, or to address the Senate informally without the consent of the senators.
- When the position of vice president becomes vacant, the president shall nominate a candidate, who shall assume office upon being confirmed by a simple majority of both Houses of Congress.
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Answer:
The amount of the distributive share of partnership net income that is taxable by California is the share of the partnership's net income of $10,000 that can be attributed to Ewan.
Assuming he holds a 50% interest in the partnership, he is expected to pay tax on his share of the $10,000 (which is equal to $5,000) in California, where the income is earned and not where he resides.
Explanation:
A partnership as an entity does not pay taxes. But individual partners must pay taxes on their shares of the partnership income, whether it is actually distributed or not. The partnership usually lists the partners' income on Schedule K-1, while individual partners fill the normal individual tax returns.
