Question: Exercise 15-16 (Algorithmic) (LO. 3, 4) Maria and Javier are the equal partners in Marja, a partnership that is a qualfied trade or business. In

Exercise 15-16 (Algorithmic) (LO. 3, 4) Maria and Javier are the

Exercise 15-16 (Algorithmic) (LO. 3, 4) Maria and Javier are the equal partners in Marja, a partnership that is a qualfied trade or business. In the current year, Marda generated $363,400 of ordinary income after reporting $436,080 in guaranteed payments to Maria and Javier for their services to Marja ($218,040 each). a. What is Maria's and Javier's qualified business income? b. What is Maria's and Javier's qualified business income if Marja had incurred $508,760 of ordinary income after reporting $218,040 in guaranteed payments to Maria and Javier ($109,020 each)? ... Diaz.zentara 67

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