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numpa Sewan and Kelly are all one-third partners in the capital and profits of Firewaiker general partnership In aneinon to their normai share of the
numpa Sewan and Kelly are all one-third partners in the capital and profits of Firewaiker general partnership In aneinon to their normai share of the partnership's annual income, Jhumpa and Stewart receive an annual quaranteed nayment of s10.000 to compensate them for additional services they provide Firewalker's income statement for the cumont year reflects the following revenues and expenses Sales revenue $337,50o 3,300 1,200 (123,000) (75,000) (28,000) (20,000) (4,500) Interest income Long-tem capital gains Cost of goods sold Employee wages Depreciation expense Guaranteed payments Miscellaneous expenses How much self-employment income will Jhumpa report? QUESTION 10 This year, Darrel's distributive share from Alcove Partnership includes $5,000 of interest inco rtnarchip How much of his distributive share from Alcove Patoorshin ir natentialty ividend income, and $70,000 ordinary business income. Assume that Darrel materially pan
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