ACC 401 Week 5 DQ 1 Partnership Taxation
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Chapter 14, problems 1, 3, 12, and 15.
1. Discuss the formation of a partnership. Is any gain or loss
recognized? Explain.
3. How do taxation for the corporate form and taxation for the
partnership form differ?
12. Can a partner have a salary from a partnership? Why? What is a
guaranteed payment?
15. If a partner owns a 20% interest, does that necessarily mean that
he or she will receive 20% of the net income from the partnership?
Explain.
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ACC 401 Week 5 DQ 2 Corporate taxation
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Chapter 15, problems 4, 6, 14 and 16.