S manages the RST partnership, in which S is also a partner. S receives 30%...
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Accounting
S manages the RST partnership, in which S is also a partner. S receives 30% of all partnership income before guaranteed payments, butnotless than $80,000. In 20X1, the RST partnership reports $200,000 of ordinary income. What is S's guaranteed payment for 20X1?
A $0
B $20,000
C$60,000
D $200,000
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