Calculate the taxpayers 2019 qualifying business income deduction for a qualified trade or business: Filing status: Single

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Calculate the taxpayer’s 2019 qualifying business income deduction for a qualified trade or business:
Filing status: Single
Taxable income: $180,000
Net capital gains: $0
Qualified business income (QBI): $80,000
W–2 wages: $20,000
a. $16,000
b. $10,000
c. $2,700
d. $13,684

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Related Book For  answer-question

South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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