Question
Kalvin is a general partner in the KST partnership. During the current year, he receives a guaranteed payment of $10,000 for services he provides
Kalvin is a general partner in the KST partnership. During the current year, he receives a guaranteed payment of $10,000 for services he provides to the partnership, and his share of partnership income is $20,000. How much self-employment income did Kalvin earn from KST? Enter your answer without dollar signs or commas. Use parentheses to indicate negative values. Round to the nearest dollar if necessary.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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