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Dividing Partnership Income Black and Shansen have decided to form a partnership. They have more that is vest $232,000 w send to ovest $54.000, Black
Dividing Partnership Income Black and Shansen have decided to form a partnership. They have more that is vest $232,000 w send to ovest $54.000, Black is to devote one-half time to the business, and Shannon as to devote fol time. The following plans for the chain of income and being considered 4. Equal division in the ratio of angina Westments c. In the ratio of time devoted to the business. d. Interest of son original investment and the remainderually Interest of son original investments, Salary Slowance of $45,000 to Black and $70,000 to Shannon, and the remainder equal 1. Plan (@), escept that Shannon also to be sored a bonus ecual a 20% of the amount which net commerceeds the total salary allowancet. Required: Fee each plan, determine the division of the set income under each of the following room (1) net income of $179.00 and (2) ret Income of $240.000. Round answers to the nearest whole dollar. (1) (2) $178,000 $240,000 Plan Black lack Shannon Shannon 84,000 X 252,000 X be de Dividing Partnership Income Black and Shansen have decided to form a partnership. They have more that is vest $232,000 w send to ovest $54.000, Black is to devote one-half time to the business, and Shannon as to devote fol time. The following plans for the chain of income and being considered 4. Equal division in the ratio of angina Westments c. In the ratio of time devoted to the business. d. Interest of son original investment and the remainderually Interest of son original investments, Salary Slowance of $45,000 to Black and $70,000 to Shannon, and the remainder equal 1. Plan (@), escept that Shannon also to be sored a bonus ecual a 20% of the amount which net commerceeds the total salary allowancet. Required: Fee each plan, determine the division of the set income under each of the following room (1) net income of $179.00 and (2) ret Income of $240.000. Round answers to the nearest whole dollar. (1) (2) $178,000 $240,000 Plan Black lack Shannon Shannon 84,000 X 252,000 X be de
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