(L05) Susan owns a floral shop as a sole proprietorship and has net earnings of (( $...
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(L05) Susan owns a floral shop as a sole proprietorship and has net earnings of \(\( \$ \) 100,000\) on Schedule C. Susan is allowed a selfemployment tax deduction for AGI of \( \$ \)7,065 \((\( \$ \) 100,000 \times 0.9235 \times\) \(15.3 % \times 50 %)\). What is her qualified business income?
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Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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