Allen and Bob are equal partners in the AB partnership. Bob manages the business and receives a guaranteed payment. What is the amount and character of the income reported by Allen and Bob in each of the following independent situations?

A. The AB Partnership earns $160,000 of ordinary income before considering Bob's guaranteed payment. Bob is guaranteed of $90,000 payment plus 50% of all income remaining after the guaranteed payment.

B. Assume the same facts as Part A except that Bob's distributive share is 50% with a guaranteed minimum of $90,000

C. The AB partnership earns only a $140,000 long-term capital gain. Bob is guaranteed $80,000 plus 50% of all amounts remaining after the guaranteed payment.

This question is only for those that are an expert in corporate tax specifically in partnership. Please help.