Jack Owns a 50% Interest in the Westhaven Partnership

question 67

Multiple Choice

Jack owns a 50% interest in the Westhaven Partnership. Jack receives a distribution of $100,000 from Westhaven and is provided with medical insurance and a $50,000 group-term life insurance policy that costs the company $4,000. Westhaven's taxable income before considering the payments to and on behalf of Jack is $180,000. How much income does Jack have from Westhaven?

• A)$4,000
• B)$90,000
• C)$92,000
• D)$94,000
• E)$100,000

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