Alan is a general partner in ADK Partnership. His partnership Schedule K-1 reports $50,000 ordinary...
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Alan is a general partner in ADK Partnership. His partnership Schedule K-1 reports $50,000 ordinary business income, $22,000 guaranteed payment, $5,000 long-term capital gain, and $400 dividend income. Which of these items are subject to self-employment tax? Multiple Choice O All Income reported on a general partner's Schedule K-1 are subject to self-employment tax $50,000 ordinary business income and $22,000 guaranteed payment $50,000 ordinary business Income, $22,000 guaranteed payment, and $5,000 long-term capital gain $50,000 ordinary Income
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