Janie owns a 30 percent interest in Chang Partnership. Chang has W-2 wages of $20,000 and qualified
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Janie owns a 30 percent interest in Chang Partnership. Chang has W-2 wages of $20,000 and qualified property of $900,000 in 2020.
a. When computing the W-2 wages limitation, what is the amount of wages that will be allocated to Janie? $________________
b. What is the amount of qualified property that will be allocated to Janie? $_______________
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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