1. Tanya and Nancy, both calendar-year taxpayers, each own a 20% interest in Partnership TNT. Techron, Inc., whose fiscal year ends on June 30, 2016, owns a 60% interest in Partnership TNT. TNT has not established a business purpose for using a different tax year, nor has it made a fiscal year tax year election. On what date does Partnership TNTs required tax year end? *

March 15, 2016.

April 15, 2016.

June 30, 2016.

December 28, 2016.

2.For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution, and $18,000 179 deduction. Pat is a general partner who owns a 20% interest in OPQ. She received a $12,000 guaranteed payment and $0 distributions during the year. What is the amount of Pats self-employment income from OPQ? *

	$4,680
	$4,800
	$8,400
	$16,800