A$,$ B$,$ and C are equal partners in ABC Partnership. ABC and the partners use the cash method and have calendar taxable years. ABC is in the business of restoring antique automobiles. The partners agree that C will work full$-$time on restoration projects during $20$X$2$ in exchange for $$50,000,$ to be paid regardless of ABC's profits. A will be treated as an employee of ABC with respect to this guaranteed payment and be subject to payroll withholding taxes.

Question $5$Select one:

True

False