Tom,Dick,and Harry Operate Quality Stores

question 13

Multiple Choice

Tom,Dick,and Harry operate Quality Stores.Based on advice from Tom's sister,a CPA,the three form a partnership.Tom owns 50%;Dick and Harry each own 25%.For the year,Quality Stores reports the following:
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By how much will Tom's adjusted gross income increase because of the above?

• A)$178,000
• B)$180,000
• C)$183,000
• D)$184,000
• E)$186,000