Question
Caroline, a single taxpayer, has net profit of $95,000 from her general store, which she operates as a sole proprietorship. The deductible portion of her
Caroline, a single taxpayer, has net profit of $95,000 from her general store, which she operates as a sole proprietorship. The deductible portion of her self-employment taxes is $7,268. She has $50,000 of taxable income before the deduction for qualified business income. How much is Carolines deduction for qualified business income?
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
