2. The QBI deduction is: a. An itemized deduction. b. A deduction from AGI. c. A deduction for AGI. d. A deduction claimed on Schedule C. Indicate whether the statement is true or false. 3. Thrush Corporation files Form 1120, which reports taxable income of $100,000 in the current year. The corporation's tax is $22,200. a. True b. False 4. Schedule M-1 is used to reconcile unappropriated retained earnings at the beginning of the year with unappropriated retained earnings at the end of the year. a. True b. False