Question
Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. In the current year, MarJa had $350,600
Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. In the current year, MarJa had $350,600 of ordinary income after reporting $420,720 in guaranteed payments to Maria and Javier for their services to MarJa ($210,360 each).
a. What is Maria's and Javier's qualified business income? $fill in the blank 4a95a604efe0f91_1
b. What is Maria's and Javier's qualified business income if MarJa had $490,840 of ordinary income after reporting $210,360 in guaranteed payments to Maria and Javier ($105,180 each)?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
