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.
My advise to Anna on what she should do now is: Anna should forget about buying the car as she does not have a <u>valid </u>contract to buy the car from Philip.
<h3>What is a contract?</h3>
Contract is an agreement enter between two people or two or more people in which the parties involve in the agreement agreed to the terms and condition of the contract.
Based on the given scenario Anna does not have a valid contract with Philip based on the fact that has changed his mind and decided to keep the car.
Therefore my advise to Anna on what she should do now is that Anna should forget about buying the car as she does not have a valid contract to buy the car from Philip.
Learn more about contract here:brainly.com/question/984979
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Explanation:
(1) the surrender of all German colonies as League of Nations mandates;
(2)the return of Alsace-Lorraine to France;
(3) cession of Eupen-Malmedy to Belgium, Memel to Lithuania,
(3)the Hultschin district to Czechoslovakia,Poznania, parts of East Prussia and Upper Silesia ..
hope it will helpful to you
