Jacques is a member of a partnership that had a Net Business Income for tax purposes of $456,000 during the current year. His share of this income is $228,000. During this year, Jacques received monthly salary from the partnership that totalled $156,000 for the year. At the end of the year, the partnership distributed bonuses of $90,000 to each of the partners. How much income from the partnership should Jacques report for the current year?
A)$156,000.
B)$228,000.
C)$246,000.
D)$474,000.

Question

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The Answer of Jacques is a member of a partnership that had a Net Business Income for tax purposes of $456,000 during the current year. His share of this income is $228,000. During this year, Jacques received monthly salary from the partnership that totalled $156,000 for the year. At the end of the year, the partnership distributed bonuses of $90,000 to each of the partners. How much income from the partnership should Jacques report for the current year?
A)$156,000.
B)$228,000.
C)$246,000.
D)$474,000.

Jacques Is a Member of a Partnership That Had a Net