The partnership agreement of Tami, Julie, and Kim provides for annual distribution of profit or loss in the following order: Tami, the managing partner, receives a bonus of 15% of profit. Each partner...

The partnership agreement of Tami, Julie, and Kim provides for annual distribution of profit or loss in the following order:

Tami, the managing partner, receives a bonus of 15% of profit. Each partner receives 10% interest on average capital investment. Residual profit or loss is divided equally. The average capital investments for 2019 were:


How much of the $94,500 partnership profit for 2019 should be allocated to Tami?


(a) $10,000


(b) $20,000


(c) $30,950


(d) $14,175




May 26, 2022
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