3.2PartnershipIncomeDistributionTemplate

3.2PartnershipIncomeDistributionTemplate - 10,000.00...

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EXAMPLE TEMPLATE Name of Partnership Statement of Distribution of Net Income Year Ended December 2004 Net Income Available for Distrubtion $130,624.16 Morris Share Graves Share Total Salaries Allowed: $10,000 $22,000 $32,000 Interest at 10% of Capital:
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Unformatted text preview: 10,000.00 4,000.00 14,000.00 Morris: 10% of $100,000 = $10,000 Graves: 10% of $40,000 = $4,000 Balance of Net Income Divided Equally: 42,312.08 42,312.08 84,624.16 Total: $62,312.08 $68,312.08 $130,624.16...
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