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What is Maria and Javier qualified business income

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Question - Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. In the current year, MarJa generated $305,800 of ordinary income after reporting $366,960 in guaranteed payments to Maria and Javier for their services to MarJa ($183,480 each).

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 incurred $428,120 of ordinary income after reporting $183,480 in guaranteed payments to Maria and Javier ($91,740 each)?

Reference no: EM132436953

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