Question: Required information Problem 15-44 (LO 15-3) (Static) Skip to question [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent
Required information Problem 15-44 (LO 15-3) (Static) Skip to question [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Jazz Corporation (an S Corporation). Kiyara does not do any work for Jazz Corp. Jazz Corp. reported $300,000 of business income for the year (2020). Before considering her business income allocation from Jazz Corp. and the self-employment tax deduction (if any), Kiyaras adjusted gross income was $250,000 (all employee salary). Answer the following questions for Kiyara. (Leave no answer blank. Enter zero if applicable.) Problem 15-44 Part a (Static) a. Assuming the income allocated to Kiyara is qualified business income, what is Kiyaras deduction for qualified business income?
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