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Assuming Aravind's business does not qualify under the gross income test, what is the business interest limitation that Aravind will be subject to this year
Assuming Aravind's business does not qualify under the gross income test, what is the business interest limitation that Aravind will be subject to this year if he operates a business that generated revenues of $50 million and adjusted taxable income of $1.25 million (adjusted taxable income includes $1 million of business interest and $600,000 of depreciation, and Aravind has a $250,000 qualified business income deduction)? Group of answer choices $675,000 $855,000 $930,000 $1,000,000
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