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Nicholas is a 4 5 % member of a partnership that had business income of $ 3 0 5 , 0 0 0 during the

Nicholas is a 45%member of a partnership that had business income of $305,000 during the current year determined in accordance with the rules of the ITA. Nicholas's share of this income is 137,250. In the current year, Nicholas received a monthly salary from the partnership that totalled $102,000. At the end of the year, the partnership distributed bonuses of $63,000 to each of the partners. How much income from the partnership should Nicholas include in his income tax return for the current year?

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