Amit is a partner in Reynolds Partnership. This year, Amit's Schedule K-1 from Reynolds reflected $50,000 of ordinary income, $1,000 of 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. a. Calculate the tax cost of Amit's partnership earnings this year.