Teresa,Terri,and Tricia operate Sassy Solutions,an exclusive boutique.Based on advice from Teresa's sister,a CPA,the three form a partnership.Teresa owns 50% and Terri and Tricia each own 25%.For the year,Sassy Solutions reports the following:
$\begin{array}{lr}
\text { Sales revenues } & \$ 600,000 \
\text { Business expenses } & (320,000) \
\text { Investment expenses } & (4,000) \
\text { Short-term capital gains } & 26,000 \
\text { Long-term capital losses } & (14,000) \
\text { Taxable income } & \$ 288,000
\end{array}$
For tax purposes,what amount will Sassy Solutions report to Teresa as her ordinary income from the partnership?
A)$144,000
B)$146,000
C)$148,000
D)$138,000
E)$140,000

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The Answer of Teresa,Terri,and Tricia operate Sassy Solutions,an exclusive boutique.Based on advice from Teresa's sister,a CPA,the three form a partnership.Teresa owns 50% and Terri and Tricia each own 25%.For the year,Sassy Solutions reports the following:
$\begin{array}{lr}
\text { Sales revenues } & \$ 600,000 \
\text { Business expenses } & (320,000) \
\text { Investment expenses } & (4,000) \
\text { Short-term capital gains } & 26,000 \
\text { Long-term capital losses } & (14,000) \
\text { Taxable income } & \$ 288,000
\end{array}$
For tax purposes,what amount will Sassy Solutions report to Teresa as her ordinary income from the partnership?
A)$144,000
B)$146,000
C)$148,000
D)$138,000
E)$140,000

Teresa,Terri,and Tricia Operate Sassy Solutions,an Exclusive Boutique For Tax Purposes,what Amount Will Sassy Solutions Report to Teresa