Roberto and Reagan are both 25 percent owners/managers for Bright Light Inc. Roberto runs the retail store in Sacramento, CA, and Reagan runs the retail store in San Francisco, CA. Bright Lingt Inc. generated a $127,800 profit company wide made up of a $75,800 profit from the Sacramento store, a ($27,000) loss from the San Francisco store, and
Roberto and Reagan are both 25 percent owners/managers for Bright Light Inc. Roberto runs the retail store in Sacramento, CA, and Reagan runs the retail store in San Francisco, CA. Bright Lingt Inc. generated a $127,800 profit company wide made up of a $75,800 profit from the Sacramento store, a ($27,000) loss from the San Francisco store, and a combined $79,000 profit from the remaining stores. If Bright Light is taxed as a
Multiple Choice
___ ($25,140.00)
___ ($18, 900.00)
___ $4,510.00
___ $20,630.00
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