Latoya Owns a 10% Interest in the ABC Partnership from January

question 50

Multiple Choice

Latoya owns a 10% interest in the ABC Partnership from January 1 through June 30 (the 181st day of the tax year) of the current year (a non- leap year) . On July 1, Latoya buys an additional 10% interest in the partnership. The XYZ Partnership's ordinary income is $109,500 and it is earned evenly throughout the year. Latoya's distributive share of the ordinary income is

• A) $21,900.
• B) $16,425.
• C) $16,470.
• D) $16,380.

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