Question
Evan, a single individual, operates a service business that earned $110,000 in 2020. The business has no tangible property and paid no W-2 wages. Compute
Evan, a single individual, operates a service business that earned $110,000 in 2020. The business has no tangible property and paid no W-2 wages.
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.)
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
