1. Cypress Road is a partnership with two partners, Saul, a 60 percent partner, and Robbie, a 40 percent partner. The partnership has income for the year of $100,000 before guaranteed payments to Robbie. Guaranteed payments of $50,000 are paid to Robbie for his management services during the year. Calculate the amount of income that should be reported by Saul and Robbie from the partnership for the year. Saul should report income of $__________. Robbie should report income of $__________.

2. Lilac Designs is a partnership with a tax year that ends November 30, 2017. During that year, William, a partner, received $4,000 per month as a guaranteed payment and his share of partnership income after guaranteed payments was $20,000. For December of 2017, William received a guaranteed payment of $10,000. Calculate the amount of income from the partnership that William should report for his tax year ended December 31, 2017.

3, Michael invests in Buxus Interests, a partnership. Michael's capital contribution to the partnership consists of $10,000 cash and equipment with an adjusted basis of $120,000 (fair market value of $150,000) subject to a nonrecourse liability of $60,000.

a.	Calculate the amount that Michael is at-risk in the activity after making the above contribution?
b.	If Michael's share of the partnership loss in the year after he makes the contribution is $150,000, how much of the loss may be deducted in that year (before considering the limitations on passive losses)? Assume the partnership had no other transactions.
c.	If Michael has any nondeductible loss in part b, what may Michael do with the nondeductible loss?

4. In 2019, Lew, who is single, earned wages of $386,724.

What is the amount of social security tax withheld from his salary?

What is the amount of medicare tax(including additional 0.9% tax if any) withheld from his salary?

5. Sally is an employer with one employee, Sara earned 12,000 from January 1, 2019 through June 30, 2019, and the state unemployment tax rate is 5.4 percent, calculate the following amount for sally.

FUTA tax after the state tax rate

What form should sally use to report her FUTA tax liability for 2019?