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An individual has a 50% interest in a partnership, which has the following income and expense items: Gross profit Selling, general, and administrative expenses Dividend
An individual has a 50% interest in a partnership, which has the following income and expense items: Gross profit Selling, general, and administrative expenses Dividend income Capital gain $ 100,000 60,000 5,000 3,000 What is the individual's qualified business income from the partnership? Multiple Choice $24,000 O $22,500 $21,500 $20,000
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