Brent is a general partner in BC Partnership.His distributive share of partnership income and his guaranteed payment for the year are as follows: $$\begin{array} { | l | l | }
\hline \text { Ordinary income } & \$ 30,000 \
\hline \text { Short-term capital gain } & \$ 18,000 \
\hline \text { Guaranteed payment } & \$ 36,000 \
\hline
\end{array}$$ 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: $$\begin{array} { | l | l | } 
\hline \text { Ordinary income } & \$ 30,000 \
\hline \text { Short-term capital gain } & \$ 18,000 \
\hline \text { Guaranteed payment } & \$ 36,000 \
\hline
\end{array}$$ What is his self-employment income?
A)$84,000
B)$66,000
C)$48,000
D)$36,000

Quizplus · Accepted Answer

The Answer of Brent is a general partner in BC Partnership.His distributive share of partnership income and his guaranteed payment for the year are as follows: $$\begin{array} { | l | l | } 
\hline \text { Ordinary income } & \$ 30,000 \
\hline \text { Short-term capital gain } & \$ 18,000 \
\hline \text { Guaranteed payment } & \$ 36,000 \
\hline
\end{array}$$ What is his self-employment income?
A)$84,000
B)$66,000
C)$48,000
D)$36,000

Brent Is a General Partner in BC Partnership What Is His Self-Employment Income? A)$84,000 B)$66,000 C)$48,000 D)$36,000

Brent Is a General Partner in BC Partnership What Is His Self-Employment Income?
A)$84,000
B)$66,000
C)$48,000
D)$36,000