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Xun, Yue and Zhuo have interests in XYZ Partnership. Partnership income for the year is $400,000.
Xun, Yue and Zhuo have interests in XYZ Partnership. Partnership income for the year is $400,000. The partnership agreement specifies that Xun is to receive an annual salary of $212,500, Yue is to receive an annual salary of $42,500, and Zhuo is to receive an annual salary of $170,000. Any remaining income or loss is to be divided between the three partners in a 1:1:2 ratio. Salaries are to be proportionately implemented.
Partnership income allocated to Zhuo is:
A.$160,000
B.$170,000
C.$180,000
D.$200,000