Assume that ABC is now a partnership and in addition to the employec salaries, ABC paia $50,000 to Fred who is a limited partner as a guaranteed payment. It paid $60,000 to Wilma who- is a general partner as a guaranteed payment. A) What is Fred's share of the partnership's ordinary income and EACH of the separately stated items? ) What is Fred's self-employment income? C) What would be his qualified business income deduction on his individual return?

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