Question: Tony, Talnow is a 60% partner in a general partnership which of the following would be considered a guaranteed payment to Tony 1.a loan payment
Tony, Talnow is a 60% partner in a general partnership which of the following would be considered a guaranteed payment to Tony
1.a loan payment from the partner ship to pay back a loan from Tony
2. a loan payment from Tony to pay back a loan from the partnership
3. a payment made to Tony from the profits of the partnership,
4. a payment made to Tony without regard to the income of the partnership
Step by Step Solution
3.58 Rating (162 Votes )
There are 3 Steps involved in it
The detailed answer for the above question is provided below 3 a p... View full answer
Get step-by-step solutions from verified subject matter experts
