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could you please check the answer for me ? 10. What income must Ramon report on Schedule C, Profit or Loss From Business? A. Only
could you please check the answer for me ?
10. What income must Ramon report on Schedule C, Profit or Loss From Business? A. Only income reported on Form 1099- MISC and Form 1099-K from the ride share company. For the purpose of these scenario questions only, ignore the VITA/TCE total business expense limitation for Schedule C. B. $22,463 11. What is Ramon's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) 12. What is the amount that Ramon can deduct as student loan interest on Form 1040, Schedule 1? C. $2,500 13. Ramon's self employment tax is added to his other taxes on Form 1040, Schedule 2, and one half of the self employment tax is shown as an adjustment to income on Schedule 1. True 14. Ramon's Qualified Business Income (QBI) deduction is $0 because he has no taxable income before the QBI deduction. True 15. Ramon is too young to qualify for the earned income credit without having a qualifying child. True ADMITIDO Maadetin De 10. What income must Ramon report on Schedule C, Profit or Loss From Business? A. Only income reported on Form 1099- MISC and Form 1099-K from the ride share company. For the purpose of these scenario questions only, ignore the VITA/TCE total business expense limitation for Schedule C. B. $22,463 11. What is Ramon's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) 12. What is the amount that Ramon can deduct as student loan interest on Form 1040, Schedule 1? C. $2,500 13. Ramon's self employment tax is added to his other taxes on Form 1040, Schedule 2, and one half of the self employment tax is shown as an adjustment to income on Schedule 1. True 14. Ramon's Qualified Business Income (QBI) deduction is $0 because he has no taxable income before the QBI deduction. True 15. Ramon is too young to qualify for the earned income credit without having a qualifying child. True ADMITIDO Maadetin DeStep by Step Solution
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