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In 2021, 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

In 2021, 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 2021, Henry's qualified business income from driving is $80,200. Assume Henry takes the standard deduction of $12,550.

Click here to access the 2021 individual tax rate schedule to use for this problem.

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Assume the QBI amount is net of the self-employment tax deduction.

a. Compute Henry's QBI deduction and his tax liability for 2021.

QBI deduction: $fill in the blank 2e239d058004fd1_1 Tax liability (round to the nearest dollar): $fill in the blank 2e239d058004fd1_2

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b. Complete Henry's 2021 Form 8995 (Qualified Business Income Deduction Simplified Computation). Enter all amounts as positive numbers.

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