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Miguel is the managing general partner of MAR and owns a 40% interest in the partnership. For the year, MAR reported income of $100,000 (after
Miguel is the managing general partner of MAR and owns a 40% interest in the partnership. For the year, MAR reported income of $100,000 (after deducting all guaranteed payments). Miguel received a guaranteed payment of $60,000 for capital that Miguel had loaned the partnership and received a guaranteed payment of $50,000 for services performed for MAR. How much income from self-employment did Miguel earn from MAR?
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