Tom,Dick,and Harry Operate Quality Stores By How Much Will Tom's Adjusted Gross Income Increase Because

Multiple Choice

Tom,Dick,and Harry operate Quality Stores.Based on advice from Tom's sister,a CPA,the three form a partnership.Tom owns 50%; Dick and Harry each own 25%.For the year,Quality Stores reports the following:
$\begin{array}{lr}\text { Sales revenues } & \$ 800,0000 \\\text { Business expenses } & (440,000 \\\text { Investment expenses } & (4,000) \\\text { Short-term capital gains } & 26,000 \\\text { Long-term capital losses } & \underline { (14,000) } \\\text { Taxable income } & \underline { \$ 368,000}\end{array}$
By how much will Tom's adjusted gross income increase because of the above?

A) $178,000
B) $180,000
C) $183,000
D) $184,000
E) $186,000