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How should income be divided for Tanner and Teresa

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Question - Tanner and Teresa share income and losses in a 2:1 ratio (2/3 to Tanner and 1/3 to Teresa) after allowing for salaries of $48,000 to Tanner and $60,600 to Teresa. Net income of the partnership is $135,300. How should income be divided for Tanner and Teresa?

a. Tanner, $65,800; Teresa, $69,500

b. Tanner, $60,800, Teresa, $74,500

c. Tanner, $74,500; Teresa, $60,800

d. Tanner, $61,800; Teresa, $73,500

Reference no: EM133069916

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