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Josh is a 30% partner in the Ghost Partnership. Ghost paid W-2 wages of $100,000 and also made a guaranteed payment to Josh of $20,000. The amount includable as wages in Josh’s wage limitation on his QBI deduction is: a. $100,000. b. $30,000. c. $0. d. $50,000.

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Answer:

The answer is:

$30,000 (b.)

Explanation:

From the question, we are told that Josh is a 30% partner in Ghost's partnership. This means that for the wages paid, Josh gets 30% of the amount paid. This can be calculated as follows:

Wages paid = $100,000

Josh's partnership = 30%

∴ amount deductible as wages = 30% of 100,000

= 30/100 × 100,000 = 0.3 × 100,000 = $30,000

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