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Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. In the current year, MarJa had $302,600
Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. In the current year, MarJa had $302,600 of ordinary income after reporting $363,120 in guaranteed payments to Maria and Javier for their services to MarJa ($181,560 each).
a. What is Maria's and Javier's qualified business income?
B. What is Maria's and Javier's qualified business income if MarJa had $423,640 of ordinary income after reporting $181,560 in guaranteed payments to Maria and Javier ($90,780 each)?
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