Assume that ABC is now a partnership and in addition to the employee salaries, ABC paia $50,000 to Fred who is a limited partner as a guaranteed payment. It paid $60,000 to Wilma who is a general...

Assume that ABC is now a partnership and in addition to the employee salaries, ABC paia<br>$50,000 to Fred who is a limited partner as a guaranteed payment. It paid $60,000 to Wilma who<br>is a general partner as a guaranteed payment.<br>A) What is Fred's share of the partnership's ordinary income and EACH of the separately stated<br>items?<br>3) What is Fred's self-employment income?<br>C) What would be his qualified business income deduction on his individual return?<br>

Extracted text: Assume that ABC is now a partnership and in addition to the employee salaries, ABC paia $50,000 to Fred who is a limited partner as a guaranteed payment. It paid $60,000 to Wilma who is a general partner as a guaranteed payment. A) What is Fred's share of the partnership's ordinary income and EACH of the separately stated items? 3) What is Fred's self-employment income? C) What would be his qualified business income deduction on his individual return?

Jun 02, 2022

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Assume that ABC is now a partnership and in addition to the employee salaries, ABC paia $50,000 to Fred who is a limited partner as a guaranteed payment. It paid $60,000 to Wilma who is a general...

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