During the year, Mickey worked as a driver. He is single and has no other sources of

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During the year, Mickey worked as a driver. He is single and has no other sources of income. His qualified business income from driving is $48,000. Assume that Mickey takes the standard deduction of $12,550.

Assume the QBI amount is net of the self-employment tax deduction.

Compute Mickey's taxable income. Give reference.

Related Book For answer-question

South-Western Federal Taxation 2022 Individual Income Taxes

ISBN: 9780357519073

45th Edition

Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman

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Posted Date: Mar 09, 2024 07:24 AM

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During the year, Mickey worked as a driver. He is single and has no other sources of

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To compute Mickeys taxable income 1 Start with his qualif... View the full answer

South-Western Federal Taxation 2022 Individual Income Taxes

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