What is the amount and character of annabelle''s income


Under the terms of a partnership agreement, Annabelle is entitled to a fixed annual payment of $10,000 without regard to the income of the partnership. Her distributive share of the partnership income is 10%. The partnership has $50,000 of ordinary income after deducting the guaranteed payment. what is the amount and character of Annabelle's income from the partnership?

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Accounting Basics: What is the amount and character of annabelle''s income
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