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?

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?

Quizplus · Accepted Answer

Brent's self-employment income is equal to his distributive share of partnership income plus his guaranteed payment, which is $60,000 + $6,000 = $66,000. Therefore, the answer is B.

Brent Is a General Partner in BC Partnership