Multiple Choice
Meadow Lane Partnership had profits of $210,000 in 2020.Morgan Bellis invested $100,000 as a limited partner, which represents a 30% partnership interest.Morgan is in a 45% tax bracket.What is Morgan's after-tax return on the investment in the partnership? (Rounded)
A) 17%
B) 35%
C) 48%
D) 63%
Correct Answer:
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