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Which of the following statements is true regarding compensation paid to an owner of an entity taxed as a partnership who works for the entity?
Which of the following statements is true regarding compensation paid to an owner of an entity taxed as a partnership who works for the entity?
Multiple Choice
The compensation is deductible by the entity.
The compensation is selfemployment income to the ownerworker.
The entity is not required to withhold FICA tax on the compensation it pays to the owner.
All of these choices are correct.
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