Tim Snyder and Jay Wise have decided to form a partnership. They have agreed that Snyder is to invest $30000 and that Wise is to invest $40000. Snyder is to
devote full time to the business and Wise is to devote one-half time. The following plans for the division of income are being considered:
a. Equal division.
b. In the ratio of original investments.
c. In the ratio of time devoted to the business.
d. Interest of 10% on original investments and the remainder in the ratio of 3:2.
e. Interest of 10% on original investmetns salary allowances of $34000 to Snyder and $17000 to Wise and the remainder equally.
f. Same as in (e) except that Snyder is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances.
For each plan determine the devision of the net income under each of the following assumptions: (1) net income of $210000 and (2) net income of $84000.
For plan a. with a net income of $210000 I got that Snyder is to receive $105000 and Wise is to receive $105000. With a net income of $84000 I got that
Snyder is to receive $42000 and Wise $42000.
For plan b. with a net income of $210000 I got that Snyder is to receive $90000 and Wise is to receive $120000. With a net income of $84000 I got that
Snyder is to receive $36000 and Wise $48000.
For plan c. with a net income of $210000 I got that Snyder is to receive $140000 and Wise is to receive $70000. With a net income of $84000 I got that
Snyder is to receive $56000 and Wise $28000.
I need help finding how to figure the allowances for plans d e and f