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Roberto and Reagan are both 25-percent owner/manager for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store
Roberto and Reagan are both 25-percent owner/manager for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California. Bright Light Incorporated generated a $126,050 profit company wide made up of a $76,500 profit from the remaining stores. If Bright Light Incorporated is an S corporation, how much income will be allocated to Roberto?
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