Imagine yourself as a member in a business partnership; yourrole is to run the daily operations of the business. Thepartnership offers you the choice of the following two types ofcompensation; guaranteed payments or distributive income shares. Ina business year in which both types of income would be of the samedollar amount, identify the reasons why you might choose one type of compensation over the other. Explain and justify your reasoning. HINT: The tax implications can be significant.