. o o o o Partner A earns $68,000 from a partnership. Partner B earns $57,000, but withdraws only $49,000. How much must Partner B report in his income tax return as income? Not enough Information to be determined. $125,000 $49,000 $117,000 During the year 2018, Tosco Corporation suffered an $800,000 loss when its factory was destroyed in a flood. Assuming the corporate income tax rate is 36%, what amount will Tosco report as a non-recurring loss on its income statement for 2018? Assume floods are not common in this area. $800,000 Nothing, since this does not qualify as a non-recurring item. $288,000 $512,000