Mr$.$ and Mrs$.$ Orange and their two children, Clementine and Tangerine, are

the four equal partners in Citrus Partnership. This year, Citrus Partnership

generated $$760,000$ of ordinary income. Compute the tax cost associated

with this income if Mr$.$ and Mrs$.$ Orange's marginal tax rate is $35\%,$

Clementine's marginal tax rate is $24\%,$ and Tangerine's marginal tax rate is

$32\%.$

$$668,800$

$$239,400$

$$311,600$

$$167,200$