Marcie Is a 40% Partner in the MAP Partnership

question 143

Multiple Choice

Marcie is a 40% partner in the MAP Partnership.During the current tax year,the partnership reported ordinary income of $140,000 before payment of guaranteed payments and distributions to partners.The partnership made an ordinary cash distribution of $10,000 to Marcie,and paid guaranteed payments to partners Marcie,Alice,and Pat of $20,000 each ($60,000 total) .How much will Marcie's adjusted gross income increase as a result of the above items?

• A)$32,000
• B)$52,000
• C)$56,000
• D)$76,000
• E)None of the above.

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Definitions:

Stapes

A small bone in the middle ear that plays a key role in the process of hearing by transmitting sound vibrations to the inner ear.

Basilar Membrane

A key structure in the cochlea of the inner ear that plays a crucial role in the mechanical process that converts sound waves into nerve impulses.

Hair Cells

Tiny sensory cells found in the inner ear that translate sound vibrations into neural signals.

Auditory Nerve

The nerve that transmits sound information from the inner ear to the brain.