Guaranteed Payments and Qualified Business Income Deduction. Laura and Mark are equal partners in the LM Partnership. Laura receives a $35,000 guaranteed payment in the current year and also withdraws $15,000 of her partnership capital in cash. Partnership ordinary income is $100,000 after deducting the guaranteed payments for the current year Assume that Laura is single and has salary income from other sources such that her mar ginal tax rate is 24%. Also assume that, because she has other income, 20% of qualified business income will be less than 20% of excess taxable income. a. What amount must Laura include in her gross income, and what is her taxable amount and after-tax income for the current year taking into account the qualified business income deduction? b. How would your answer change if Laura did not receive the guaranteed payment? Guaranteed Payments and Qualified Business Income Deduction. Laura and Mark are equal partners in the LM Partnership. Laura receives a $35,000 guaranteed payment in the current year and also withdraws $15,000 of her partnership capital in cash. Partnership ordinary income is $100,000 after deducting the guaranteed payments for the current year Assume that Laura is single and has salary income from other sources such that her mar ginal tax rate is 24%. Also assume that, because she has other income, 20% of qualified business income will be less than 20% of excess taxable income. a. What amount must Laura include in her gross income, and what is her taxable amount and after-tax income for the current year taking into account the qualified business income deduction? b. How would your answer change if Laura did not receive the guaranteed payment