qop partnership reported 42000 net ordinary income, 5000 interest, 600 charitable contribution, 18000 section 179...

70.2K

Verified Solution

Question

Accounting

qop partnership reported 42000 net ordinary income, 5000 interest, 600 charitable contribution, 18000 section 179 deduction. pat is ageneral partner who owns 20%, received 12,000 guaranteed paymENT AND 0 DISTRibutions. what is amount of pat self employmnet income from opq 4680 4800 8400 16800

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students