The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2007.
|
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 2007?
- $156,000
- $174,000
- $176,000
- $182,000