Yee Manages Huang Real Estate,a Partnership in Which She Is

question 60

Multiple Choice

Yee manages Huang real estate,a partnership in which she is also a partner.She receives 40% of all partnership income before guaranteed payments,but no less than $80,000 per year.In the current year,the partnership reports $100,000 in ordinary income.What is Yee's distributive share and her guaranteed payment?

• A) \[\begin{array} { | l | l | }
• \hline & \text { Guaranteed } \\
• \text { Distributive Share } & \text { Payment } \\
• \hline \$ 40,000 & 0 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline & \text { Guaranteed } \\
• \text { Distributive Share } & \text { Payment } \\
• \hline \$ 40,000 & \$ 80,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline & \text { Guaranteed } \\
• \text { Distributive Share } & \text { Payment } \\
• \hline \$ 40,000 & \$ 40,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline & \text { Guaranteed } \\
• \text { Distributive Share } & \text { Payment } \\
• \hline 0 & \$ 80,000 \\
• \hline
• \end{array}\]

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Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.

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PHStat

A software package that enhances Microsoft Excel with statistical analysis capabilities.

Variance

A measure of how spread out a set of numbers is, indicating the variability from the mean.