1. Ewan is a nonresident of California and holds a partnership interest in a California...
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Accounting
1. Ewan is a nonresident of California and holds a partnership interest in a California partnership. He received a Schedule K-1 from the California partnership that included net income of $10,000 from California sources. What amount of the distributive share of partnership net income is taxable by California?
a. $0
b. $5,000
c. $7,500
d. $10,000
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