Which of the following is true regarding how partners treat guaranteed payments they receive from a partnership?

Guaranteed payments received for services rendered by the partner are subject to social security, Medicare, and income tax withholding by the partnership.

Guaranteed payments received for services rendered by the partner are not subject to social security or Medicare tax withholding, but are subject to income tax withholding by the partnership.

Guaranteed payments received for services rendered are subject to self-employment tax.

Guaranteed payments received for services rendered are subject to social security and Medical tax withholding, but are not subject to income tax withholding by the partnership.