In the relationship between Employee and Job tables, which of the following fields in Job table is

Performance reports allow comparisons between actual performance and budget expectations

Indicate whether the statement is true or false

Lilac Designs is a partnership with a tax year that ends November 30, 2016 . During that year, William, a partner, received $4,000 per month as a guaranteed payment and his share of partnership income after guaranteed payments was $20,000 . For December

of 2016, William received a guaranteed payment of $10,000 . Calculate the amount of income from the partnership that William should report for his tax year ended December 31, 2016.