Under a partnership agreement, Deanna is to recieve 20% of the partnership's income, but notl ess than

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Under a partnership agreement, Deanna is to recieve 20% of the partnership's income, but notl ess than $20,000. the partnership's net income for this year was $45,000 (before taking into account guaranteed payments). How much can the partnership deduct as a guaranteed payment? A. $0 B. $9,000 C. $11,000 D. $20,000

Posted Date: May 18, 2024 07:04 PM

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Under a partnership agreement, Deanna is to recieve 20% of the partnership's income, but notl ess than

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