Norma, a single taxpayer, had 2018 taxable income before the qualified business income deduction of ($ 650,000),
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Norma, a single taxpayer, had 2018 taxable income before the qualified business income deduction of \(\$ 650,000\), of which \(\$ 500,000\) was qualified business income earned through her sole proprietorship. She had 3 employees, to whom she paid \(\$ 160,000\) in \(\mathrm{HAC}\) W-2 wages in 2018 . What is her allowable \(\$ 200\) qualified business income deduction under of Sec. 199 A for 2018 ?
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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