Brent is a general partner in BC Partnership. His distributive share of partnership income and his guaranteed payment for the year are as follows: What is his self-employment income?
A)$84,000
B)$66,000
C)$48,000
D)$36,000

Question

Brent is a general partner in BC Partnership. His distributive share of partnership income and his guaranteed payment for the year are as follows:  What is his self-employment income?
A)$84,000 
B)$66,000 
C)$48,000 
D)$36,000

Quizplus · Accepted Answer

Brent's self-employment income is the sum of his distributive share of partnership income and his guaranteed payment for the year. Thus, his self-employment income is $60,000 + $6,000 = $66,000 (option B).

Brent Is a General Partner in BC Partnership