TYVM Partnership allocates ordinary business income, long-term capital gains, and guaranteed payments of $13,000, $1,000, and $7,000,
Question:
TYVM Partnership allocates ordinary business income, long-term capital gains, and guaranteed payments of $13,000, $1,000, and $7,000, respectively, to Ariana Extensa, a general partner. Based on this information, what is Ariana’s self-employment income?
a. $0
b. $7,000
c. $8,000
d. $20,000
e. $21,000
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Related Book For 
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
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