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 o

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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 O 1 (13.1 KiB) Viewed 63 times

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 $45,000 to Tanner and $64,200 to Teresa. Net income of the partnership is $131,400. How should income be divided for Tanner and Teresa? Oa. Tanner, $54,800; Teresa, $76,600 Ob. Tanner, $76,600; Teresa, $54,800 Oc. Tanner, $55,800, Teresa, $75,600 Od. Tanner, $59,800, Teresa, $71,600