1-Maple Company purchases new equipment (7-year MACRS property) on January 10, 2018, at a cost of $430,000. Maple also purchases new machines (5-year MACRS property) on July 19, 2018 at a cost of $290,000. Maple wants to maximize its MACRS deductions; assume no taxable income limitations apply. What is Maple's total MACRS deduction for 2018?

a. $119,447.

b. $560,000.

c. $617,148.

d. $720,000.

2-Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QBI of $900,000 and is not a "specified services" business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $30,000. Ellie's taxable income before the QBI deduction is $740,000 (this is also her modified taxable income). What is Ellie's QBI deduction for 2018?

a. $75,750.

b. $148,000.

c. $150,000.

d. $180,000.

3-The 179 deduction can exceed $1,000,000 in 2018 if the taxpayer had a 179 amount which exceeded the taxable income limitation in the prior year.

True or false