How much income will be allocated to roberto

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Reference no: EM133920535

Problem

Roberto and Reagan are both 25-percent owner or 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 Incorporated generated a $130,950 profit companywide made up of a $76,700 profit from the Sacramento store, a ($29,250) loss from the San Francisco store, and a combined $83,500 profit from the remaining stores. Get the instant assignment help. If Bright Light Incorporated is an S corporation, how much income will be allocated to Roberto?

Reference no: EM133920535

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