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safezone safezone
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7 years ago
Brent is a general partner in BC Partnership. His distributive share of partnership income and his guaranteed payment for the year are as follows:

Ordinary income   $30,000
Short-term capital gain   $18,000
Guaranteed payment   $36,000

What is his self-employment income?
A) $84,000
B) $66,000
C) $48,000
D) $36,000
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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That's not philosophy, it's geometry
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strwbrrystrwbrry
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7 years ago
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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4 years ago
thank you
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4 years ago
Thank you!
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