Question: i really need help with those problems, if you could. please answer those. i am verh greatful for you. thank you The following represent elements


The following represent elements of the tax formula for individual taxpayers: A. Personal and dependency exemptions B. Exclusions from gross income C. Itemized deductions D. Deductions for AGI E. Income from any source Exclusions from gross income F. Standard deduction amount Which of the items above are used in calculating AGI? A, B, D, and E B, D, and E B, C, and D A,C, and D Which is not a true statement about the Qualified Business Income Deduction? The deduction is taken by the owners of the entity, not the entity itself. It is only available to flow-through entities. Specified service businesses are not eligible for any QBID. The phaseouts are based on the (owner's) taxpayer's taxable income. Question 8 2 pts Steve \& Jeannine own an auto parts retail store which operates as a partnership. For the year, the partnership generated $250.000 of qualified business income. The partnership has depreciable property of $150,000 and W2 wages of $90,000. They file MFf and their taxable income is $500,000. What is their QBID, if any? $0$45,000$26,250$22,500$50,000 Which of the following taxpayers would be able to take a QBID on their tax return but must use the wage and property limitations to calculate the amount? A partnership with QBI of $200,000. A taxpayer filing MFJ with taxable income of $200,000 and ownership in an $ Corporation with QBI of $500,000. A taxpayer filing MFJ with taxable income of $600,000 that has a sole proprietorship that is not a specified service business. A taxpayer filing MFJ with taxable income of $300,000 that has ownership in a specified serivce business with QBI of $50,000
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