Meredith is a passive 30% member of the mno llc. she is not a managing member and she does not participate in any activities of the llc. her interest is more in the nature of an investment. in the current year, meredith's distributive share of income from the llc was $50,000. in addition, she received a guaranteed payment of $40,000 for the use of her capital. assume that her income from other sources exceeds $500,000. how much of meredith's llc income will be subject to the self-employment (se) tax (under the proposed regulations) and the net investment income (nii) tax? (disregard the additional medicare tax on upper-income taxpayers.)a.$90,000 se tax; $0 nii tax. b.$0 se tax; $90,000 nii tax. c.$50,000 se tax; $40,000 nii tax. d.$0 se tax; $0 nii tax. e.$0 se tax; $40,000 nii tax.

At december 31, 2018, newman engineering’s liabilities include the following: $29 million of 5% bonds were issued for $29 million on may 31, 1999. the bonds mature on may 31, 2029, but bondholders have the option of calling (demanding payment on) the bonds on may 31, 2019. however, the option to call is not expected to be exercised, given prevailing market conditions. $33 million of 4% notes are due on may 31, 2022. a debt covenant requires newman to maintain current assets at least equal to 194% of its current liabilities. on december 31, 2018, newman is in violation of this covenant. newman obtained a waiver from national city bank until june 2019, having convinced the bank that the company’s normal 2 to 1 ratio of current assets to current liabilities will be reestablished during the first half of 2019. $26 million of 7% bonds were issued for $26 million on august 1, 1989. the bonds mature on july 31, 2019. sufficient cash is expected to be available to retire the bonds at maturity. required: classify the above mentioned debts as current liabilities or noncurrent liabilities. also, provide corresponding value for the same. (enter your answer in millions (i.e., 10,000,000 should be entered as