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Krystin is a 25% partner in Andrew's Pet Grooming. Under the terms of the partnerhsip agreement she is to receive 25% of the partnership income,
Krystin is a 25% partner in Andrew's Pet Grooming. Under the terms of the partnerhsip agreement she is to receive 25% of the partnership income, but no less than $10,000. If the grooming shop's net income for the year is $50,000, what amount can the partnership deduct as a guaranteed payment to Krystin?
0
2,500
10,000
12,500
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