Question
Bowie is self-employed as a blogger, He will use the single filing status, and he hae net business income of $26,559. The deductible part
Bowie is self-employed as a blogger, He will use the single filing status, and he hae net business income of $26,559. The deductible part of his self-employment tax is $1,876. His taxable income, without regard to any amount he may be eligible to deduct for the qualified business income (GB) deduction, is $12.133. He did not have any employees nor any assets or property to depreciate Bowie is eligible to receive a qualified business income (GB) deduction of O so O $2,427 O $4.937 O $5,311 Mark for follow up
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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