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Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has no tangible property and
Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has no tangible property and paid no W-2 wages. Required: a. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $125,000. b. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000. Complete this question by entering your answers in the tabs below. Required A Required B Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000. (Round your intermediate computations and final answers to the nearest whole dollar value.) QBI deduction < Required A Required B >
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