Exercise $9-25($Algorithmic$)($LO$.6)$

In $2020,$ Henry Jones $($Social Security number $123-45-6789)$ works as a freelance driver, finding customers using

various platforms like Uber and Grubhub. He is single and has no other sources of income. In $2020,$ Henry's qualified

business income from driving is $$76,000.$ Assume Henry takes the standard deduction of $$12,400.$

Click here to access the $2020$ individual tax rate schedule to use for this problem.

Assume the QBI amount is net of the self$-$employment tax deduction. Round the tax computation to the

nearest dollar.

a$.$ Compute Henry's QBI deduction and his tax liability for $2020.$

QBI deduction: $

Tax liability: $