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:
$\begin{array}{lr}
\text { Sales revenues } & \$ 800,0000 \
\text { Business expenses } & (440,000 \
\text { Investment expenses } & (4,000) \
\text { Short-term capital gains } & 26,000 \
\text { Long-term capital losses } & \underline { (14,000)} \
\text { Taxable income } & \underline { \$ 368,000}
\end{array}$
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

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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:
$\begin{array}{lr}
\text { Sales revenues } & \$ 800,0000 \
\text { Business expenses } & (440,000 \
\text { Investment expenses } & (4,000) \
\text { Short-term capital gains } & 26,000 \
\text { Long-term capital losses } & \underline { (14,000)} \
\text { Taxable income } & \underline { \$ 368,000}
\end{array}$
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 By How Much Will Tom's Adjusted Gross Income Increase Because