This year, FGH Partnership generated $620,000 ordinary business income. FGH has two equal partners: Triad LLC and Beta, an S corporation. Triad LLC has three members: Mr. Ty, who owns a 40 percent interest; Mrs. Ude, who owns a 35 percent interest; and V, Incorporated, which owns a 25 percent interest. Beta has 100 shares of outstanding stock, all of which are owned by Ms. Byrd.

Required:

Identify the taxpayers who must pay tax on the partnership income, and determine how much income must be reported by each.