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Obi-Wan is a limited partner in The Council LLC. His share of the LLC 2019...

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Accounting

Obi-Wan is a limited partner in The Council LLC. His share of the LLC 2019 ordinary business income was $75,000. He received a $45,000 cash distribution from the partnership on May 4, 2019. Assuming that Obi-Wans marginal tax rate is 24%, calculate his after-tax cash flow from the partnership in 2019.

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