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2018 Tax Year John earned $175,000 of qualified business income this year from his sole proprietorship and has taxable income, before any QBI (Section 199A)
2018 Tax Year
John earned $175,000 of qualified business income this year from his sole proprietorship and has taxable income, before any QBI (Section 199A) deduction, of $150,000. John is permitted a QBI deduction of:
Select one:
a. $35,000
b. $30,000
c. $25,000
d. $0
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Financial Accounting Reporting And Analysis
Authors: Earl K. Stice, James D. Stice
7th Edition
0324227329, 978-0324227321
