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2. In 2020, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He
2. In 2020, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. In 2020, Henry's qualified business income from driving is $61,200. Assume that Henry claims the standard deduction of $12,400 a Compute Henry's QBI deduction and his tax liability for 2020. b. Complete Henry's 2020 Form 8995 (Qualified Business Income Deduction Simplified Computation).
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