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4. For each of the six situations below, determine: a. QBID b. Total tax owed c. Full reconciliation of QBID savings MFJ, 2 total
4. For each of the six situations below, determine: a. QBID b. Total tax owed c. Full reconciliation of QBID savings MFJ, 2 total kids < < 17,1 under 6, no cap gain, no interest or divincome, no itemize (i) No SSTB Wage Income 29,000 (ii) Yes SSTB 29,000 Side Business Profit (the wages are already subtracted out) 140,000 140,000 Side Business Wages paid 51,000 51,000 Side Business Assets 98,000 98,000 Charitable Contribution 425 425 Tax withheld 27,000 27,000 MFJ, 2 total kids
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