Ted Owns 20% of Genco (A C Corporation) That Had

Multiple Choice

Ted owns 20% of Genco (a C corporation) that had taxable income of $100,000 and paid a total of $50,000 in dividends to its shareholders.Ted also owns 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders.How much must Ted include in his gross income as a result of being a shareholder in these two corporations?

A) $16,000
B) $20,000
C) $26,000
D) $30,000