SPC partnership is owned 50 50 by Steve and Pam The partnership has $300,000 of operating income in 2016 and $230,000 of operating expenses It pays both Pam and Steve a guaranteed payment of $30,000 It also makes a charitable contribution of $1,000 to the Alzheimer's Association and has a short term capital loss of $5,000 Pam's share of partnership items is A $5,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction B $35,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction C $30,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction D $5,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction

Question

SPC partnership is owned 50 50 by Steve and Pam  The partnership has $300,000 of operating income in 2016 and $230,000 of operating expenses  It pays both Pam and Steve a guaranteed payment of $30,000  It also makes a charitable contribution of $1,000 to the Alzheimer's Association and has a short term capital loss of $5,000  Pam's share of partnership items is  A  $5,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction  B  $35,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction  C  $30,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction  D  $5,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction

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		A. $5,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction.
		B. $35,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction.
		C. $30,000 of operating income, $30,000 guaranteed payment, $5,000 capital loss and $1,000 charitable contribution deduction.
		D. $5,000 of operating income, $30,000 guaranteed payment, $2,500 capital loss and $500 charitable contribution deduction.

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SPC partnership is owned 50/50 by Steve and Pam. The partnership has $300,000 of operating income in 2016 and $230,000 of operating expenses. It pays

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