Adam, Kelly and Alex formed the AKA Partnership, agreeing to share profits and losses equally. Adam will manage the business for which he will receive a guaranteed payment of $30,000 per year. Business activity for the year was as follows: Net income from operations (before guaranteed payment) $ 390,000 Guaranteed payment to Adam 30,000 Adam is unmarried without dependents, has no other income, and has $13,000 itemized deductions. How much is Adam's taxable income, if any? Group of answer choices

$98,522

$101,122

$104,090

$104,522