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explain please! Sorry its my friends paper. She wanted to cover her answer so, please try your best! ZO 3. W has a You-Tube channel
explain please!
Sorry its my friends paper. She wanted to cover her answer so, please try your best!
ZO 3. W has a You-Tube channel that evaluates new golf products. From this activity, he has Schedule C income of $100.000, which is his net profit from his sole proprietorship. However, he also deducts 6.000 th insurance, $7,065 for self- employment taxes and STO $250,000 His qualified business income for purposes of til a. $100,000 b. $100,000 - $7,065 c. $100,000 - $10,000 d. $100,000 - $7,065 - $10,000 - $5,000 4. Aileen owns and operates a financial planning and advisory firm. She and her husband have taxable income together of a total of $575,000. They file a joint return. The couple a. Is eligible for the qualified business income deduction if the business produces taxable income of $420,000. b. Is eligible for the qualified business income deduction if the business produces taxable income of $300,000. c. Would be eligible for the qualified business income deduction except their taxable income is too high d. Would not be eligible for the qualified business income deduction under any circumstances. ZO 3. W has a You-Tube channel that evaluates new golf products. From this activity, he has Schedule C income of $100.000, which is his net profit from his sole proprietorship. However, he also deducts 6.000 th insurance, $7,065 for self- employment taxes and STO $250,000 His qualified business income for purposes of til a. $100,000 b. $100,000 - $7,065 c. $100,000 - $10,000 d. $100,000 - $7,065 - $10,000 - $5,000 4. Aileen owns and operates a financial planning and advisory firm. She and her husband have taxable income together of a total of $575,000. They file a joint return. The couple a. Is eligible for the qualified business income deduction if the business produces taxable income of $420,000. b. Is eligible for the qualified business income deduction if the business produces taxable income of $300,000. c. Would be eligible for the qualified business income deduction except their taxable income is too high d. Would not be eligible for the qualified business income deduction under any circumstances Step by Step Solution
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