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15) Johnson, a manufacturing firm and a sole proprietorship whose owner files as a single taxpayer, has qualified income of $400,000. Johnson has wages of
15) Johnson, a manufacturing firm and a sole proprietorship whose owner files as a single taxpayer, has qualified income of $400,000. Johnson has wages of $200,000 and cost of depreciable property of $1,000,000. What is the amount of Johnson's 20% deduction? (His taxable income is more than $400,000.)
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