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Jerry and Caroline file as MFJ. Caroline, an engineer (not a specified services), earned QBI of $300,000 from her engineering practice. The firm had W-2
Jerry and Caroline file as MFJ. Caroline, an engineer (not a specified services), earned QBI of $300,000 from her engineering practice. The firm had W-2 wages of $160,000 and basis of property totaling $100,000. The couple had modified taxable income of $394,200 (this is also their taxable income before the QBI deduction. What is the amount of their QBI deduction
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Managerial Accounting
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
4th Canadian Edition
013544344X, 9780135443446
