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How much was allocated to Amos in total

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Question - Camina, Amos, and Julie's partnership calls for the following allocation of income: Amos and Julie are to receive lump sum salary payments of $25,000 each, Camina and Julie are to receive interest of 5% of their ending capital balances, if there's a profit Amos is to receive a bonus equal to 10% of the profit, and any remaining income is to be split between Camina, Amos, and Julie 40%, 20%, and 40% respectively. Camina, Amos, and Julie's ending capital balances were $100,000, $50,000, and $150,000 respectively. If there was a partnership net profit of $400,000, how much was allocated to Amos in total?

Reference no: EM133132296

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