Campbell, a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $100,000 of employee wages, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Campbell's deduction for qualified business income?

 

A. $26,000.

 

B. $50,000.

 

C. $80,000.

 

D. $0.

 

E. $100,000.

Answer rating: 100% (QA)

Solution Deduction for qualif... View the full answer