1 Reynolds Partnership. This year, Amit's Schedule K-1 from Reynolds reflected $50,000 of ordinary income, $1,000 of Amit is a partner interest income, and a cash distribution of $35,000. Amit's marginal tax rate is 37 percent. Amit qualifies for the Section 199A deduction, without regard to the wage limitation. 5 a. Calculate the tax cost of Amit's partnership earnings this year. points Answer is complete but not entirely correct. x cost 18,870 b. Calculate Amit's after-tax cash flow from his partnership activity this year. Answer is complete but not entirely correct. After-tax cash 16,130 flow