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Business, 29.05.2021 02:00 tiffanibell71

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

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Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU re...

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