Lawton Martinez, a retired politician, received $65,000 from speaking engagements and $29,000 from his law practice (operated
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Question:
Lawton Martinez, a retired politician, received $65,000 from speaking engagements and
$29,000 from his law practice (operated as a sole proprietorship) in the current year. He was also on the boards of directors of three major corporations for which he received a total of $17,000. He also owned an apartment building and received $25,000 in rental income and $3,000 in permanent improvements, which were left by former lessees but were not required of them. How much self-employment income should Lawton report in the current year?
A. $111,000
B. $114,000
C. $136,000
D. $139,000
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