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Molly is a 30% partner in the MAP Partnership. During the current tax yeat the partnership reported ordinary income of $200.000 Dafore any permitted deduction
Molly is a 30% partner in the MAP Partnership. During the current tax yeat the partnership reported ordinary income of $200.000 Dafore any permitted deduction for guaranteed payments and distributions to partners. The partnership made an ordinary cash distribution of 120.000 to Molly and made guaranteed payments to partners Molly, Amber, and Pat of $20,000 each ($60.000 total guaranteed payments). How much will Molly's adjusted gross income increase as a result of these items? a. $36,000 b. $62.000 c. $80,000 d. $60,000 e. $42,000 UR
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