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 Comprehensive

ISBN: 9780357109144

43rd Edition

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

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Question Posted: Sep 19, 2019 11:40 AM

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

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South-Western Federal Taxation 2020 Comprehensive

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