Question
Asha is single & age 35. In 2020, Ashas sole proprietorship generated income of $60,000 and deductible expenses of $0. Asha also has additional gross
Asha is single & age 35. In 2020, Ashas sole proprietorship generated income of $60,000 and deductible expenses of $0. Asha also has additional gross income (interest) of $5,000. Asha takes the standard deduction.
1. What is Ashas AGI (gross income adjustments)?
2. What is Ashas QBI?
3. What is Ashas modified taxable income?
4. What is Ashas QBI deduction ?
5. What is Ashas taxable income?
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Security And Auditing Of Smart Devices
Authors: Sajay Rai, Philip Chukwuma, Richard Cozart
1st Edition
0367567997, 978-0367567996
