Marcia, a single individual, has qualified trade or business income of $240,000. Her business paid $80,000 of
Question:
Marcia, a single individual, has qualified trade or business income of $240,000. Her business paid $80,000 of W-2 wages this year and has $50,000 of tangible business property.
a. Compute Marcia’s QBI deduction, assuming her overall taxable income before QBI is $300,000.
b. Compute Marcia’s QBI deduction, assuming her overall taxable income before QBI is $180,000.
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a Qualified business income of 240000 20 48000 tentative deduction Ded...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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