In addition to sharing equally, net income may also be split according to agreed upon percentages (for example, 50%, 40%, and 10%), ratios (2:3:1), or fractions ( 1 / 3 , 1 / 3 , and 1 / 3 ) . Using Dee's Consultants net income of $60,000 and a partnership agreement that says net income is shared 50%, 40%, and 10% by its partners, the portion of net income allocated to each partner is simply the
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