How much will molly adjusted gross income increase

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Question - Molly is a 30% partner in the MAP Partnership. During the current tax year, the partnership reported ordinary income of $200,000 before payment of guaranteed payments and distributions to partners. The partnership made an ordinary cash distribution of $20,000 to Molly, and paid guaranteed payments to partners Molly, Amber, and Pat of $20,000 each ($60,000 total). How much will Molly's adjusted gross income increase as a result of the above items?

Reference no: EM132071307

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