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: 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

Question

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:  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

Quizplus · Accepted Answer

The Answer of 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:  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

Tom, Dick, and Harry Operate Quality Stores