A partner had the following items reported on a partnership Schedule K-1: Ordinary income $27,000 Interest income 4,500 Dividend income 2,000 Guaranteed payment 15,000 Section 179 expense 16,000 The partner's self-employment income for the year is: ________.
a. $26,000.
b. $32,500.
c. $48,500.
d. $64,500.