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Stella is a 45% partner in MacLauren's Pub. She is to receive a guranteed payment of no less than 25,000. If the partnership's ordinary income
Stella is a 45% partner in MacLauren's Pub. She is to receive a guranteed payment of no less than 25,000. If the partnership's ordinary income before deducting the guranteed payment is 65,000, what is Stella's distributive share? 11,250, 25,000, 29,250,40,000
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