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  3. y is a general partner in the xyz partnership. for

Y is a general partner in the XYZ Partnership. For the current calendar year, Ys...

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Accounting

Y is a general partner in the XYZ Partnership. For the current calendar year, Ys share of profits includes his guaranteed compensation of $55,000 and his share of remaining profits, which is $22,000. What is the proper income tax and payroll tax (F.I.C.A. or self-employment tax) treatment of each of the following to Y for the current calendar year?

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