What is Maria's and Javier's qualified business income? $ b. What is Maria's and Javier's qualified business income if MarJa had $392,280 of ordinary income after reporting $168,120 in guaranteed payments to Maria and Javier ($84,060 each)?
What is Maria's and Javier's qualified business income? $ b. What is Maria's and Javier's qualified business income if MarJa had $392,280 of ordinary income after reporting $168,120 in guaranteed payments to Maria and Javier ($84,060 each)?
Chapter15: Taxing Business Income
Section: Chapter Questions
Problem 14CE
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Maria and Javier are the equal partners in MarJa, a
a. What is Maria's and Javier's qualified business income?
$
b. What is Maria's and Javier's qualified business income if MarJa had $392,280 of ordinary income after reporting $168,120 in guaranteed payments to Maria and Javier ($84,060 each)?
$
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