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Question 25 of 75 Lara is a 50% partner in Dana's Deli. She is to receive...
Question 23 of 75 Lara is a 50% partner in Dana's Deli. She is to receive...
Question 23 of 75 Lara is a 50% partner in Dana's Deli. She is to receive a guaranteed payrment of $20,000. If the partnership's ordinary income before deducting the guaranteed payment is $50,000, what is Lara's distributive share? O $15,000 O $20,000 O $25,000 o $35,000 □Mark for follow up
ne per Distributions of money and the adjusted basis of other property distributed to the partner...
ne per Distributions of money and the adjusted basis of other property distributed to the partner Mark for follow up Question 30 of 75. Linda is a 50% partner in Deacon's Deli. She is to receive a guaranteed payment of $20.000. Wt the partnership's ordinar income before deducting the guaranteed payment is $70,000, what is Linda's distributive share of ordinary income? $15,000 $20,000 $25,000 $35,000 wrong iniest Mark for follow up uestion 31 of 75. son sold his interest in...
Question 19 of 75. Dione is a general partner who owns 50% Interest in Love First...
Question 19 of 75. Dione is a general partner who owns 50% Interest in Love First Enterprises. Sammy is a limited partner who also owns 50%. The partnership has $50,000 in recourse liabilities and $20,000 in nonrecourse liabilities. What is Dione's total share of liabilities? $35,000 $45,000 $60,000 $70,000 Mark for follow up Question 20 of 75. For the tax year, ABC partnership reported a $68,000 ordinary loss and a $30,000 increase in recourseliabilities for which the partners are able...
Question 21 of 75. 0 Manny is to receive 25% of the profits from partnership Boost...
Question 21 of 75. 0 Manny is to receive 25% of the profits from partnership Boost Sounds, before taking into account any guaranteed payments, but not less than $10,000. If the partnership's income is $20,000 before taking into account guaranteed payments, how much does Manny receive as a guaranteed payment? O $0 O $5,000 $10,000 O $15,000 Info follour un Mark for follow up Question 29 of 75. 81 Frank Palmer died testate. In his will, he named his son,...
> Question 19 of 75. Hailie, Lauryn, and Camee formed HL&C, a general partnership, as equal...
> Question 19 of 75. Hailie, Lauryn, and Camee formed HL&C, a general partnership, as equal partners. Hailie contributed $55,000 cash. Lauryn contributed and property with an adjusted basis of $20,000 and a FMV of $35,000. Camee contributed property with an adjusted basis of $43,000 and a dia ntributed $55,000 cash. Lauryn contributed $25,000 cash 43000 and a FMV of $55,000. The partnership made $30,000 m ordinary income for the year and there were no cash or property distributions. what...
Question 21 of 75 Manny is to receive 25% of the profits from partnership Boost Sounds,...
Question 21 of 75 Manny is to receive 25% of the profits from partnership Boost Sounds, before taking into account any guaranteed payments, but not less than $10,000. If the partnership's income is $20,000 before taking into account guaranteed payments, how much does Manny receive as a guaranteed payment? Oso O $5,000 O $10,000 O $15,000
partnerships Question 18 of 75. Betty and Alan,each own 25% of partnership BAB. On October 15,...
partnerships Question 18 of 75. Betty and Alan,each own 25% of partnership BAB. On October 15, 2016. Detty partner. C October 15, 2016. O October 16, 2017 O January 31, 2017, O The partnership does not terminate. On October 16, 2017, Alan sells his interest to Bob. When does the partnership terminate sells her interest to Bob, who is 50% Mark for follow up Question 19 of 75. Which of the following is a self-employment item listed on Schedule K...
Question 9 of 75. Dawson, Inc., had regular tax due of $35,000 for the tax year...
Question 9 of 75. Dawson, Inc., had regular tax due of $35,000 for the tax year ending December 31, 2018. It also had 560,000 of AMT credit carried forward from prior years and available in 2018. What is the amount of the AMT credit that can be claimed in 2018? O $35,000 O $47.500 O $60,000 $65,000 Mark for follow up Dione is a general partner who owns 50% interest in Love First Enterprises. Sammy is a limited partner who...
Question 15 of 75. Dione is a general partner who owns 50% interest in Love First...
Question 15 of 75. Dione is a general partner who owns 50% interest in Love First Enterprises. Sammy is a limited partner who also owns 50%. The partnership has $50,000 in recourse liabilities and $20,000 in nonrecourse liabilities. What is Dione's total share of liabilities? O $35,000 O $45,000 O $60,000 O $70,000 Jaylan and Casper are equal partners in J&C Raccoon Hats. Jaylan contributed $12,000 and Casper contributed inventory with a FMV of $12,000 and an adjusted basis of...
Question 4 of 15. Martha is a 50% partner in a general partnership. Which of the...
Question 4 of 15. Martha is a 50% partner in a general partnership. Which of the following would be considered a guaranteed payment to Martha? Ооос A payment made to Martha from the profits of the partnership A loan payment from the partnership to pay back a loan from Martha. A loan payment from Martha to pay back a loan from the partnership. A payment made to Martha without regard to the income of the partnership. Mark for follow up
Question 23 of 75 Lara is a 50% partner in Dana's Deli. She is to receive a guaranteed payrment of $20,000. If the partnership's ordinary income before deducting the guaranteed payment is $50,000, what is Lara's distributive share? O $15,000 O $20,000 O $25,000 o $35,000 □Mark for follow up
ne per Distributions of money and the adjusted basis of other property distributed to the partner Mark for follow up Question 30 of 75. Linda is a 50% partner in Deacon's Deli. She is to receive a guaranteed payment of $20.000. Wt the partnership's ordinar income before deducting the guaranteed payment is $70,000, what is Linda's distributive share of ordinary income? $15,000 $20,000 $25,000 $35,000 wrong iniest Mark for follow up uestion 31 of 75. son sold his interest in...
Question 19 of 75. Dione is a general partner who owns 50% Interest in Love First Enterprises. Sammy is a limited partner who also owns 50%. The partnership has $50,000 in recourse liabilities and $20,000 in nonrecourse liabilities. What is Dione's total share of liabilities? $35,000 $45,000 $60,000 $70,000 Mark for follow up Question 20 of 75. For the tax year, ABC partnership reported a $68,000 ordinary loss and a $30,000 increase in recourseliabilities for which the partners are able...
Question 21 of 75. 0 Manny is to receive 25% of the profits from partnership Boost Sounds, before taking into account any guaranteed payments, but not less than $10,000. If the partnership's income is $20,000 before taking into account guaranteed payments, how much does Manny receive as a guaranteed payment? O $0 O $5,000 $10,000 O $15,000 Info follour un Mark for follow up Question 29 of 75. 81 Frank Palmer died testate. In his will, he named his son,...
> Question 19 of 75. Hailie, Lauryn, and Camee formed HL&C, a general partnership, as equal partners. Hailie contributed $55,000 cash. Lauryn contributed and property with an adjusted basis of $20,000 and a FMV of $35,000. Camee contributed property with an adjusted basis of $43,000 and a dia ntributed $55,000 cash. Lauryn contributed $25,000 cash 43000 and a FMV of $55,000. The partnership made $30,000 m ordinary income for the year and there were no cash or property distributions. what...
Question 21 of 75 Manny is to receive 25% of the profits from partnership Boost Sounds, before taking into account any guaranteed payments, but not less than $10,000. If the partnership's income is $20,000 before taking into account guaranteed payments, how much does Manny receive as a guaranteed payment? Oso O $5,000 O $10,000 O $15,000
partnerships Question 18 of 75. Betty and Alan,each own 25% of partnership BAB. On October 15, 2016. Detty partner. C October 15, 2016. O October 16, 2017 O January 31, 2017, O The partnership does not terminate. On October 16, 2017, Alan sells his interest to Bob. When does the partnership terminate sells her interest to Bob, who is 50% Mark for follow up Question 19 of 75. Which of the following is a self-employment item listed on Schedule K...
Question 9 of 75. Dawson, Inc., had regular tax due of $35,000 for the tax year ending December 31, 2018. It also had 560,000 of AMT credit carried forward from prior years and available in 2018. What is the amount of the AMT credit that can be claimed in 2018? O $35,000 O $47.500 O $60,000 $65,000 Mark for follow up Dione is a general partner who owns 50% interest in Love First Enterprises. Sammy is a limited partner who...
Question 15 of 75. Dione is a general partner who owns 50% interest in Love First Enterprises. Sammy is a limited partner who also owns 50%. The partnership has $50,000 in recourse liabilities and $20,000 in nonrecourse liabilities. What is Dione's total share of liabilities? O $35,000 O $45,000 O $60,000 O $70,000 Jaylan and Casper are equal partners in J&C Raccoon Hats. Jaylan contributed $12,000 and Casper contributed inventory with a FMV of $12,000 and an adjusted basis of...
Question 4 of 15. Martha is a 50% partner in a general partnership. Which of the following would be considered a guaranteed payment to Martha? Ооос A payment made to Martha from the profits of the partnership A loan payment from the partnership to pay back a loan from Martha. A loan payment from Martha to pay back a loan from the partnership. A payment made to Martha without regard to the income of the partnership. Mark for follow up
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