Bonnie and george are equal general partners in bg partnership. bonnie receives a $4,000 monthly guaranteed payment for services. this year, bg generated $95,000 profit (before consideration of bonnie’s guaranteed payments).
a. compute each partner’s distributive share of ordinary business income.
b. compute each partner’s self-employment income.
c. how would your answers change if bg’s profit was only $32,000 instead of $95,000?
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