ALTECH 2:35 AM Thu Nov 18 OOOO Question 2 of 35. the taxpayer is not subject to phaseouts, the qualified business income deduction is the matter of 20% of the qualified business come er 20% of the Adjusted gross income Net business income Taxable income Total income OMark for follow up Question 3 of 35 To avoid a penalty for underpayment of estimated tax for 2021, a sole proprietor with an AGI below 5150,000 (575.000 MFS) should make estimated payments in the mount of the smaller of of the tax shown on their 2020 return or shown on their 2021 return 50%, 90% 30: 50% 90100 100:90% Oo - 1 16 viark for follow up Question 5 of 35. Self-employed taxpayers pay self-employment tax on: The gross profit of the business reduced by 15.3%. The net profit of the business. The net profit of the business reduced by 7.65%. The tentative profit of the business. Mark for follow up Action 2