Question
Ariana operates an S-Corporation that focuses on home remodeling. The company had a net income of $150,000 in the year. As a small business owner,
Ariana operates an S-Corporation that focuses on home remodeling. The company had a net income of $150,000 in the year. As a small business owner, she would like to know which of the following statements is most correct and applicable for the 2022 tax year?
a) The S-Corporation (on its own) is eligible for the Qualified Business Income (QBI) deduction.
b) The business tax rate will be 21%. c) She may qualify for the 20% pass-through deduction. d) The QBI deduction will not apply to her since it only applies to Sole Proprietors and Partnership income.
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Internal Audit And Risk Management In Companies Assessing The Contribution Of Internal Audit To An Entitys Risk Management
Authors: Akaffou Arnaud Lucien Goley
1st Edition
6204604805, 978-6204604800
