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Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is single and has no other sources of income. In
Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is single and has no other sources of income. In 2018, Henry's net income from driving is $137,800. Assume Henry takes the standard deduction of $12,000.
Click here to access the 2018 individual tax rate schedule to use for this problem.
Compute Henry's QBI deduction and his tax liability.
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