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What is jason share of the net income

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Question - The net income of the Jason and Browning partnership is $448000. The partnership agreement specifies that Jason and Browning have a salary allowance of $127000 and $179000, respectively. The partnership agreement also specifies an interest allowance of 8% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $302000. Any remaining net income or net loss is shared equally. What is Jason's share of the $448000 net income?

a. $151160

b. $173840

c. $198000

d. $117840

Reference no: EM133116434

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