Calculate the taxpayers qualifying business income deduction for a qualified trade or business: Filing status: Single Taxable

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Calculate the taxpayer’s qualifying business income deduction for a qualified trade or business:
Filing status: Single
Taxable income: $100,000
Net capital gains: $0
Qualified business income (QBI): $30,000
W–2 wages: $10,000
a. $5,000
b. $70,000
c. $20,000
d. $6,000

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Related Book For  answer-question

South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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