1. Attorney is a married sole practitioner who files a joint return with spouse. Compute their § 199A deduction in the following circumstances:
   1. Attorney has $284,000 of gross income from the law practice and$30,000 of business expenses. Attorney and Spouse also have $20,000of dividends and $10,000 of interest income and minimal itemized deductions.
   2. Same as (a), except that Attorney is an associate the law firm making a $125,000 salary
   3. same as (a), except that Attorney is an equal partner in a two member firm whose gross income is $568,000 with $60,000 in business expenses
   4. Same as (a), except that Attorney's gross income from the practice is $500,000

Answer rating: 100% (QA)

Anssens a Business Income Gross Income E self employment 254000765 28400030000 254000 254000 2... View the full answer