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Janice Gibson is self-employed as an accountant. For the current year, she had taxable income of $185,000, all of which was attributable to her profits
Janice Gibson is self-employed as an accountant. For the current year, she had taxable income of $185,000, all of which was attributable to her profits from her accounting firm. What will be her allowable deduction for qualified business income under Code Sec. 199A?
$37,000 | ||
$9,500 | ||
$16,650 | ||
$20,350 |
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