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IN THE CURRENT YEAR, MR. Z SOLD 50% OF HIS BUSINESS TO HIS SON, B. THE RESULTING PARTNERSHIP HAD A PROFIT OF $80,000. CAPITAL WAS A MATERIAL INCOME-PRODUCING FACTOR. MR. Z PERFORMED SERVICES WORTH $50 – BUSINESS & FINANCE

In the current year, mr. z sold 50% of his business to his son, b. the resulting partnership had a profit of $80,000. capital was a material income-producing factor. mr. z performed services worth $50,000, which was reasonable compensation. what is the maximum amount...