Samuel Is the Managing General Partner of STU, in Which

Multiple Choice

Samuel is the managing general partner of STU, in which he owns a 30% interest.For the year, STU reported income of $260,000 (after deducting all guaranteed payments) .Samuel received a guaranteed payment of $40,000 for capital that he had loaned the partnership, and he 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) $120,000.
B) $160,000.
C) $198,000.
D) $238,000.
E) $380,000.