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Xun, Yue and Zhuo have interests in XYZ Partnership.Partnership income for the year is $400,000. The partnership agreement specifies that Xun is to receive an
Xun, Yue and Zhuo have interests in XYZ Partnership.Partnership income for the year is $400,000. The partnership agreement specifies that Xun is to receive an annual salary of $200,000, Yue is to receive an annual salary of $50,000, and Zhuo is to receive an annual salary of $120,000.Any remaining income or loss is to be divided between the three partners in a 2:1:1 ratio.Salaries are to be fully implemented.Partnership income allocated to Zhuo is:
a.$112,500
b.$127,500
c.$120,000
d.$126,000
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