Partners Receiving Guaranteed Payments Are Not Required to Pay Self-Employment

question 38

True/False

Partners receiving guaranteed payments are not required to pay self-employment tax on such payments.

---

Definitions:

Part-Time JANITOR

An individual employed to clean and maintain a building or facilities for less than the customary full-time working hours.

First Job

The initial employment position one has, marking the start of their professional career.

Career Center

A facility or office, often associated with academic institutions, providing resources, counseling, and support for job search and career development.

Career

A profession or field of employment that one pursues, often involving progression and development over time.