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1. Are Section 199A deductions available to all taxpayers? Is it available to all service businesses? What are its limitations? Explain in detail. 2. Bob.

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1. Are Section 199A deductions available to all taxpayers? Is it available to all service businesses? What are its limitations? Explain in detail. 2. Bob. the sole shareholder of Perez Corporation. (a regular C corporation), has the corporation pay him $100,000. You are a Tax Accountant for Perez. What would you advise Bob? 3. Cooper Corp, a C corporation, had $140,000 net income from operations and a $25,000 short-term capital loss in the current year. Assuming 21% flat tax rate on the Corporation, Cooper Corp's tax is... (please show your calculations). 1. Are Section 199A deductions available to all taxpayers? Is it available to all service businesses? What are its limitations? Explain in detail. 2. Bob. the sole shareholder of Perez Corporation. (a regular C corporation), has the corporation pay him $100,000. You are a Tax Accountant for Perez. What would you advise Bob? 3. Cooper Corp, a C corporation, had $140,000 net income from operations and a $25,000 short-term capital loss in the current year. Assuming 21% flat tax rate on the Corporation, Cooper Corp's tax is... (please show your calculations)

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