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Chrome File e Edit View History Bookmarks Profiles Tab Window Help Q Sun May 18 7:35 PM ... D2L Chapter 6 Homework - 2025 x Question 40 - Chapter 6 Hom x Dashboard X + G 2 ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253A%252F%252Fconnect.mheducation.... P New Chrome available : 98 All Bookmarks Chapter 6 Homework i Saved Help Save Exit Submit 40 Katie, a single taxpayer, is a shareholder in the S Corporation, Engineers One, a civil engineering company. This year, Katie's share of net business income from Engineers One is $200,000 (net of the associated for AGI self-employment tax deduction). Assume that Katie's allocation of wages paid by Engineers One to its employees is $300,000 and her allocation of Engineers One's qualified property is $150,000 (unadjusted basis of equipment, all purchased within past three years). Assume Katie has no other business income and no capital gains or qualified dividends. Her taxable income before the deduction for qualified business income is 1.5 $400,000. points Required: 04:23:37 a. Calculate Katie's deduction for qualified business income. b. Assume the same facts provided above, except Katie's net business income from Engineers One is $400,000 (net of the associated eBook for AGI self-employment tax deduction), and her taxable income before the deduction for qualified business income is $350,000. Print Part a Part b References Deduction for qualified business income Mc Graw Hill MAY 18 utv W