In the current year, Janet has taxable income of $170,000, consisting of the following:

W-2 wages $15,000

QBI-qualifying net rental income $85,000

Net long-term capital gain $90,000

Itemized deductions $20,000

What is Janet's qualified business income (QBI) deduction for the year?

		$7,500
		$16,000
		$17,000
		$20,000
		$34,000

In the current year, Janes mother died and willed her a ring. The rings fair market value at the mothers date of death was $20,000. Six months after her death, the ring was worth $22,000. Janes mother had purchased the ring for $15,000 five years prior to her death. Assuming the estates executor did make a special election, what is Janes basis in the ring?

( NOT 20,000 !!!!! )

		$20,000
		$0
		$15,000
		$22,000

In the current year, Ralph reports an adjusted gross income of $100,000 and also makes cash contributons to public charities during the same year. What amount of these contributions could Ralph deduct on Schedule A?

		Amounts up to $100,000
		Amounts up to $60,000
		Amounts up to $50,000
		Amounts up to $30,000
		Amounts up to $20,000