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Question 22 of 105. For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution, and $18,000 179 deduction.
Question 22 of 105.
For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution, and $18,000 179 deduction. Pat is a general partner who owns a 20% interest in OPQ. She received a $12,000 guaranteed payment and $0 distributions during the year. What is the amount of Pats self-employment income from OPQ? |
$4,680 | |||
$4,800 | |||
$8,400 | |||
$16,800 | |||
Mark for follow up |
Question 22 of 105.
For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution, and $18,000 179 deduction. Pat is a general partner who owns a 20% interest in OPQ. She received a $12,000 guaranteed payment and $0 distributions during the year. What is the amount of Pats self-employment income from OPQ? |
$4,680 | |||
$4,800 | |||
$8,400 | |||
$16,800 | |||
Mark for follow up |
December 28, 2016. | |||
December 28, 2016. | |||
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