Samuel Is the Managing General Partner of STU, in Which

question 103

Multiple Choice

Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU reported ordinary income of $400,000 (after deducting all guaranteed payments) . In addition, the LLC reported interest income of $12,000. Samuel received a guaranteed payment of $120,000 for services he performed for STU. How much income from self-employment did Samuel earn from STU?

• A)$100,000
• B)$120,000
• C)$220,000
• D)$223,000
• E)None of the above

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Constitutional History

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Canada

A country in North America known for its vast landscapes, multicultural society, and political structure as a parliamentary democracy and a constitutional monarchy.

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The collective and individual rights that indigenous peoples possess in relation to their ancestral lands, cultures, and identities.

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