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Business & farm
If the multi-member LLC is taxed as a partnership (which I assume it is), then I agree with @mellish7777 .
A guaranteed payment is renumeration in return for services to the LLC. This is deducted on page 1 of the form 1065 and is a separately stated item on the Sch K and then allocated to the specific LLC member on their respective K-1.
Keep in mind, that while guaranteed payments are similar to receiving a wage, they are not treated the same. There is no W-2 issued as a member in an LLC taxed as a partnership is not an employee.
So the guaranteed payment is paid in full to the LLC member and the member is responsible for all taxes; both income tax and self-employment tax. The member should understand that they will need to make estimated tax payments on these earnings.
Also keep in mind the date of replies, as tax law changes.