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 the sum of his distributive share of partnership income and his guaranteed payment. Thus, his self-employment income is: 
$40,000 + $26,000 = $66,000 
Therefore, the correct answer is B.

Brent Is a General Partner in BC Partnership