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Tony Talermo is a 60% partner in a general partnership. Which of the following would be considered a guaranteed payment to Tony? a. A loan
Tony Talermo is a 60% partner in a general partnership. Which of the following would be considered a guaranteed payment to Tony?
a. A loan payment from the partnership to pay back a loan from Tony.
b. A loan payment from Tony to pay back a loan from the partnership.
c. A payment made to Tony from the profits of the partnership.
d. A payment made to Tony without regard to the income of the partnership.
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