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For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5000 interest income, $600 charitable contribution, and $18,000 section 179 deduction. Pat is a
For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5000 interest income, $600 charitable contribution, and $18,000 section 179 deduction. Pat is a general partner who owns a 20 percent interest in 0PQ. She received a $12,000 guaranteed payment and $0 distributions during the year. What is the amount of Pats self-employment income from OPQ?
(1) $4,680
(2) $4,800
(3) $8,400
(4) $16,800
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