QUESTION 5

1. Reindeer Partnership has four equal partners: Donner, Blitzen, Dasher and Rudolph. Reindeer's 2021 net business income was $162,000 before guaranteed payments to Rudolph of $4,000 for services rendered to the partnership. During 2021, each of the four partners took a $50,000 distribution. What amount from Reindeer Partnership should be included on Rudolph's 2021 personal tax return?

   		$162,000
   		$50,000
   		$43,500
   		$39,500