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A Partner Had the Following Items Reported on a Partnership

Question 50

Multiple Choice

A partner had the following items reported on a partnership Schedule K-1:  Ordinary income $27,000 Interest income 4,500 Dividend income 2,000 Guaranteed payment 15,000 Section 179 expense 16,000\begin{array}{lr}\text { Ordinary income }&\$27,000\\\text { Interest income } & 4,500 \\\text { Dividend income } & 2,000 \\\text { Guaranteed payment } & 15,000 \\\text { Section 179 expense } & 16,000\end{array} The partner's self-employment income for the year is:


A) $26,000.
B) $32,500.
C) $48,500.
D) $64,500.

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