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Mr. and Mrs. Orange and their two children, Clementine and Tangerine, are the four...

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Accounting

Mr. and Mrs. Orange and their two children, Clementine and Tangerine, are
the four equal partners in Citrus Partnership. This year, Citrus Partnership
generated $760,000 of ordinary income. Compute the tax cost associated
with this income if Mr. and Mrs. Orange's marginal tax rate is 35%,
Clementine's marginal tax rate is 24%, and Tangerine's marginal tax rate is
32%.
$668,800
$239,400
$311,600
$167,200
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