Answer:
1) net income = $115,000
a) Morrison receives $57,500
Greene receives $57,500
b) Morrison receives $86,250
Greene receives $28,750
c) Morrison receives $38,333
Greene receives $76,667
d) Morrison receives ($150,000 x 6%) + $51,500 = $60,500
Greene receives ($50,000 x 6%) + $51,500 = $54,500
e) Morrison receives $3,750 + $40,000 = $43,750
Greene receives $1,250 + $70,000 = $71,250
f) Morrison receives $3,750 + $40,000 = $43,750
Greene receives $1,250 + $70,000 = $71,250
2) net income = $200,000
a) Morrison receives $100,000
Greene receives $100,000
b) Morrison receives $150,000
Greene receives $50,000
c) Morrison receives $66,667
Greene receives $133,333
d) Morrison receives $9,000 + $94,000 = $101,000
Greene receives $3,000 + $94,000 = $97,000
e) Morrison receives $9,000 + $40,000 + $39,000 = $88,000
Greene receives $3,000 + $70,000 + $39,000 = $112,000
f) Morrison receives $9,000 + $40,000 + $30,000 = $79,000
Greene receives $3,000 + $70,000 + $18,000 + $30,000 = $121,000
