The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2015. Income from operations :$156,000 Tax-exempt interest income $8,000 Dividends from foreign corporations: $6,000 Net rental income: $12,000 What is the total ordinary income of the partnership for 2015?

The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2015. Income from operations :$156,000 Tax-exempt interest income $8,000 Dividends from foreign corporations: $6,000 Net rental income: $12,000 What is the total ordinary income of the partnership for 2015?

The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2015.
Income from operations :$156,000
Tax-exempt interest income $8,000
Dividends from foreign corporations: $6,000
Net rental income: $12,000
What is the total ordinary income of the partnership for 2015?







a. $156,000
b. $174,000
c. $176,000
d. $182,000





Answer: A