Ariel files his tax return as married filing jointly ( MFJ ) . He runs a general
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Question:
Ariel files his tax return as married filing jointly MFJ He runs a general store as a sole proprietor with no employees. In his qualified business income QBI of $ was calculated on his Schedule C as the net income, minus the selfemployment tax deduction. Ariel's spouse also earned $ on her W They have no other income or deductions. The couple claim the standard deduction of $
Whats couples adjusted gross income:
couples taxable income before QBI deduction is:
the coupkes QBI deduction is:
couples taxable income is:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: