Question

Steve, Martha, and Pete formed an LLC two years ago. Steve has contributed $100,000, Martha has contributed $50,000, and Pete has contributed $50,000 to date to the LLC. The LLC made a profit of $30,000 in two years. By default, how much will Steve's share of profits be?

A. $10,000

B. $20,000

C. $15,000

D. $30,000

Answer

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