Question: 39. As a general partner in Greenland Associates, an individuals share of partnership income for the current tax year is $25,000 ordinary business income and

39. As a general partner in Greenland Associates, an individual’s share of partnership income for the current tax year is $25,000 ordinary business income and a $10,000 guaranteed payment. The individual also received $5,000 in cash distributions from the partnership. What income should the individual report from the interest in Greenland?

a. $ 5,000

b. $25,000

c. $35,000

d. $40,000

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