Leonor is the financial vice-president and owns 60% of Ruston Co. Ruston is an S corporation and reports taxable income of $200,000 before Leonor’s salary. Leonor receives a $50,000 salary. What is Leonor's income from Ruston?
A. $50,000
B. $120,000
C. $140,000
D. $170,000
Answer: C
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