Mark for follow up Question 51 of 75. Which of the following is a self-employment item listed on Schedule K of Form 1065? Section 179 expense deduction. Charitable contributions. Gross farming or fishing income. Net capital gain (loss). Mark for follow up Question 52 of 75. without regard to the income of the partnership, subject to self-employment tax. Question 52 of 75. Under a partnership agreement, Sarah is to receive a minimum payment consisting of the greater of $12,000 per year or a maximum of 25% of profits. The partnership's net income for this year was $32,000. What amount can the partnership deduct as a guaranteed payment, and what amount of income is Sarah required to report on her individual tax return? Partnership Deduction: $4,000. Sarah Income: $12,000. Partnership Deduction: $4,000. Sarah Income: $20,000 Partnership Deduction: $12,000. Sarah Income: $8,000 Partnership Deduction: $12,000. Sarah Income: $20,000 Mark for follow up