1.

1. Taxpayer received an award for publishing a ground breaking scientific paper. Taxpayers colleagues nominated her for the award and there is no service required after receipt of the award. The award had a cash payout of $100,000. Taxpayer had the awarding agency pay the funds directly to a qualified charitable organization. How much income will Taxpayer recognize for this award?

   		$75,000
   		$50,000
   		$100,000
   		$0

2. Taxpayer is single. During 2020 Taxpayer has income from qualified businesses of $250,000. Taxpayer pays wages to employees in the amount of $5,000. Taxpayer has no qualified property. The AGI of Taxpayer is $300,000. What is the allowable QBI deduction of taxpayer?

   		$250,000
   		$500
   		$50,000
   		$2,500

3. axpayer pays state and local taxes as follows: Sales Tax - $2,500,State Income Tax - $5,000,Property Taxes - $11,000.Assuming taxpayer takes itemized deductions, what amount of these taxes will be recognized as a deduction?

4. 		$10,000
   		$11,000
   		$0
   		$18,500