federal income tax question

Mark for follow up Question 8 of 75. Edward is single. His modified adjusted gross income of $241,000 includes: wages of $209,000, $1,500 of interest, $7,500 of tax-exempt interest, $3,000 of dividends, $2,500 of rental income and $25,000 of capital gains. He has no other investment income and none of the income is from a trade or business. Edward will calculate his net investment income tax on $29,500 $32,000 $39.500 $241,000 Mark for follow up Save / Return Later Summary Next >> The book Capital Mark for follow up Question 34 of 75. Under a partnership agreement, Vivian Burnett is to receive 25% of the partnership's income, but not less than $12,000, The partnership's net income for this year was $36,000. What amount can the partnership deduct as a guaranteed payment and what amount of income is Vivian required to report on her individual tax return? Partnership deduction: $3,000. Vivian's income: $12,000. Partnership deduction: $3,000. Vivian's income: $21,000. Partnership deduction: $12,000. Vivian's income:$9,000. Partnership deduction: $12,000. Vivian's income $21,000. Mark for follow up Question 35 of 75. Jason sold his interest in a partnership for $25,000 cash when his outside basis was $10,000. He was relieved of his $20,000 share of partnership liabilities. What is Jason's realized value from the sale of his partnership interest? $15,000 O $30.000 JUI PIUS I Side Urdabilities. Tax capital account plus their share of recourse liabilities. Mark for follow up Question 29 of 75. On May 15, Issac contributed $5,500 for a 10% interest in the general partnership, Mac's Tools. The partnership took out a loan for $15,000 on June 20. Issac's distributive share for the year was $3,700. What is his ending basis for the partnership? $9,200 $10,700 $20.500 $24,200 Mark for follow up Question 30 of 75. On a partner's Schedule K-1, Item L: O is required when Schedule B, line 4 is checked "yes