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Roberto and Reagan are both 25 percent owner/managers for Bright Light Incorporated, Roberto runs the retail store in Sacramento, California, and Reagan runs the retail
Roberto and Reagan are both 25 percent owner/managers for Bright Light Incorporated, Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California Bright Light generated a S127,100 profit companywide made up of a $75,600 profit from the Sacramento store, a ($26.500) loss from the San Francisco store, and a combined $78,000 profit from the remaining stores. If Bright Light is taxed as a partnership and it is decided that both Roberto and Reagan will be allocated 70 percent of his own stores profit, with the remaining profits allocated pro rata among all the owners, how much income will be allocated to Reagan in total? Multiple Choice $25.105 00 1515,550 00 $4632.50 $20,47250
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