Becker CPA Review 2-5

Which of the following is the overall limitation to the qualifying business income (QBI) deduction?

a.Lesser of: 50 percent of combined QBI or 20 percent of the taxpayers taxable income in excess of net capital gain

b.Lesser of: combined QBI or 20 percent of the taxpayers taxable income in excess of net capital gain

c.Lesser of: 50 percent of W2 wages or 25 percent of W2 wages plus 2.5 percent of the unadjusted basis of qualified property

d.Taxable income limitations based on filing status