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QUESTION 36 Which of the following is correct regarding Guaranteed Payments? Guaranteed Payments are Taxable income to the recipient partner. Guaranteed Payments are not deductible

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QUESTION 36 Which of the following is correct regarding Guaranteed Payments? Guaranteed Payments are Taxable income to the recipient partner. Guaranteed Payments are not deductible by the Partnership. O Guaranteed Payments cannot be paid to a General Partner Guaranteed Payments cannot be paid to a more than Fifty Percent (50%) partner

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