Question: During 2 0 2 4 , the Tastee Partnership reported income before guaranteed payments of $ 9 2 , 0 0 0 . Stella owns

During 2024, the Tastee Partnership reported income before guaranteed payments of $92,000. Stella owns a 90% profits interest and works 1,600 hours per year in the business. Euclid owns a 10% profits interest and performs no services for the partnership during the year. For services performed in 2024, Stella receives a "salary" of $6,000 per month. Euclid withdrew $10,000 from the partnership during the year.
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a.What is the amount of guaranteed payments made by the partnership during 2024?

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