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Tom,Dick,and Harry Operate Quality Stores

Question 13

Multiple Choice

Tom,Dick,and Harry operate Quality Stores.Based on advice from Tom's sister,a CPA,the three form a partnership.Tom owns 50%; Dick and Harry each own 25%.For the year,Quality Stores reports the following: Tom,Dick,and Harry operate Quality Stores.Based on advice from Tom's sister,a CPA,the three form a partnership.Tom owns 50%; Dick and Harry each own 25%.For the year,Quality Stores reports the following:   ​ By how much will Tom's adjusted gross income increase because of the above? A) $178,000 B) $180,000 C) $183,000 D) $184,000 E) $186,000
By how much will Tom's adjusted gross income increase because of the above?


A) $178,000
B) $180,000
C) $183,000
D) $184,000
E) $186,000

Correct Answer:

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