Joe owns a mom and pop grocery store who he only employs close friends and family. What

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Joe owns a mom and pop grocery store who he only employs close friends and family.

What is Joe's QBI Deduction using the information provided below?

Entity Structure: Sole Proprietor Filing Status: Married Filing Joint Industry:

Manufacturing Taxable Income: $105,000

Modified Taxable Income: $105,000

Qualified Business Income (QBI): $105,000

Wages to Employees: $60,000

Depreciable Assets: $500,000

Related Book For answer-question

Accounting information system

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

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Posted Date: Sep 02, 2020 09:16 PM

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Joe owns a mom and pop grocery store who he only employs close friends and family. What

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Accounting information system

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