A Partner Had the Following Items Reported on a Partnership

question 40

Multiple Choice

A partner had the following items reported on a partnership Schedule K-1: The partner's self-employment income for the year equals:

• A) $28,000.
• B) $37,000.
• C) $42,000.
• D) $68,000.

---

Definitions:

Ferns

A group of non-flowering vascular plants that reproduce via spores and have neither seeds nor flowers.

Bryophyta

A division of non-vascular land plants that are known as mosses, characterized by life-cycles with a dominant gametophyte stage.

Hepaticophyta

A division of non-vascular plants commonly known as liverworts, which are close relatives of mosses and hornworts.

Anthocerophyta

is a division of non-vascular plants that includes the hornworts, characterized by a sporophyte that grows from the gametophyte.