Question: How would the small business deduction calculated be for 2020? Multiple Choice 13% * the lesser of active business income, taxable income, or the $500,000

How would the small business deduction calculated be for 2020? Multiple Choice 13% * the lesser of active business income, taxable income, or the $500,000 annual limit. 19% * the greater of active business income, taxable income, or the $500,000 annual limit. 13% * the greater of active business income, taxable income, or the $500,000 annual limit, 19% * the lesser of active business income, taxable income, or the $500,000 annual limit

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