Question: A guaranteed payment by a partnership to a partner for services rendered, may include an agreement to pay I. A salary of $5,000 monthly without

A guaranteed payment by a partnership to a partner for services rendered, may include an agreement to pay I. A salary of $5,000 monthly without regard to partnership income.

II. A 25% interest in partnership profits.

a. I only.

b. II only.

c. Both I and II.

d. Neither I nor II.

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