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How much income will be allocated to Roberto

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Question - Roberto and Reagan are both 25-percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California. Bright Light Incorporated generated a $127,450 profit companywide made up of a $75,700 profit from the Sacramento store, a ($26,750) loss from the San Francisco store, and a combined $78,500 profit from the remaining stores. If Bright Light Incorporated is an S corporation, how much income will be allocated to Roberto?

Reference no: EM133064603

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