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Wuestion 34 of 75 . Under a partnership agreement, Devon is to receive 30% of...

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Accounting

Wuestion 34 of 75 . Under a partnership agreement, Devon is to receive 30% of the partnership's income, but not less than $25,000. The partnership's net income for this year was $60,000 (before taking into account guaranteed payments). How much can th partnership deduct as a guaranteed payment? $0 $7,000 $20,000 $25,000

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