Jhumpa, Stewart, and Kelly are all one-third partners in the capital and profits of Firewalker...
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Accounting
Jhumpa, Stewart, and Kelly are all onethird partners in the capital and profits of Firewalker General Partnership. In addition to their normal share of the partnership's annual income, Jhumpa and Stewart receive an annual guaranteed payment of $ each to compensate them for additional services they provide. Firewalker's income statement for the current year reflects the following revenues and expenses: Note: Leave no answer blank. Enter zero if applicable. How much selfemployment tax will each partner pay assuming none has any other source of income or loss? te: Round your intermediate calculations and final answers to the nearest whole dollar amount.
Jhumpa, Stewart, and Kelly are all onethird partners in the capital and profits of Firewalker General Partnership. In
addition to their normal share of the partnership's annual income, Jhumpa and Stewart receive an annual guaranteed
payment of $ each to compensate them for additional services they provide. Firewalker's income statement for the
current year reflects the following revenues and expenses:
Note: Leave no answer blank. Enter zero if applicable.
How much selfemployment tax will each partner pay assuming none has any other source of income or loss?
te: Round your intermediate calculations and final answers to the nearest whole dollar amount.
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