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Roberto and Reagan are both 25 -percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, Californta, and Redgan runs the retail
Roberto and Reagan are both 25 -percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, Californta, and Redgan runs the retail store in San Francisco, California. Bright Light Incorporated generated a $126,750 profit companywide made up of a $75,500 profit from the Saciamento store, a (\$26,250) loss from the San Francisco store, and a combined $77,500 profit from the remaining stores. If Bright Light incorporated is an S corporation, how much income will beated to Roberto? Multiple Choice $31,68750 $63,37500 $75,500.00 $126,75000
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