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analysis. Do not forget to show the necessary steps and explain how you attained that outcome. --------------------------------------------------------------------- ACC 401 Week 5 DQ 1 Partnership Taxation FOR MORE CLASSES VISIT www.acc401assist.com 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. --------------------------------------------------------------------- ACC 401 Week 5 DQ 2 Corporate taxation FOR MORE CLASSES VISIT