com/lms/scorm/clientLMS/LMS3.aspx?rNum=1&aicc_sid=57761609hrblock&packageld-CourselD-org&qs=%5e%5e%5eFwVptltNPwXZST1NfzbK%2ffMjdQUdiqihr Standard Small Business Case Study (2024) Case Study D Part II Determine Your Adjusted Qualified Business Income A B C 2 Qualified business income from the trade, business, or aggregation. See instructions 2 263,037 3 Multiply line 2 by 20% (0.20). If your taxable income is $170,050 or less ($340,100 if married filing jointly), skip lines 4 through 12 and enter the amount from line 3 on line 13 3 52,607 4 Allocable share of W-2 wages from the trade. business, or aggregation. 4 112,320 5 Multiply line 4 by 50% (0.50) 5 56,160 6 Multiply line 4 by 25% (0.25)... 6 28,080 7 Allocable share of the unadjusted basis immediately after acquisition (UBIA) of all qualified property 7 39,506 Multiply line 7 by 2.5% (0.025) 8 988 9 29,068 9 Add lines 6 and 8. 10 Enter the greater of Ine 5 or line 9 10 56,160 11 W-2 wage and UBIA of qualised property limitation, Enter the smaller of line 3 or line 10- 11 52,607 12 Phased-in reduction. Enter the amount from line 20, if any 12 13 Qualified business income deduction before paron reduction. Enter the greater of line 11 or line 12. 13 13 52,607 14 Patron reduction. Enter the amount from Schedule D (Form 8995-A). line 6, if any. See instructions) 14 115 16 Qualified business income component Subtractine 14 from line 13-- Total qualified business income component. Add all amounts reported on line 15... 15 52,607 Julia Julia Jimenez, Owner 16 52,607 Hav A Java For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Fern Software Copyright 1900-2023 RB Tax Group, Inc 22 8995A1 UWF 1040 TDA