Rochelle is a limited partner in Megawatt Partnership. For $2023,$ her schedule K$-1$ from the partnership reported the following share of

partnership items:

Required:

a$.$ Calculate the net impact of the given items on Rochelle's $2023$ taxable income. Assume that Rochelle does not qualify for the QBI

deduction.

b$.$ Assume that Rochelle's marginal tax rate is $35$ percent. Calculate her $2023$ after$-$tax cash flow as a result of her interest in

Megawatt.

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Required B

Calculate the net impact of the given items on Rochelle's $2023$ taxable income. Assume that Rochelle does not qualify for the

QBI deduction.

Net impact on taxable income