Question
Joe owns a mom and pop grocery store who he only employs close friends and family. What is Joe's QBI Deduction using the information provided
Joe owns a mom and pop grocery store who he only employs close friends and family. What is Joe's QBI Deduction using the information provided below? Entity Structure: Sole Proprietor Filing Status: Married Filing Joint Industry: Manufacturing Taxable Income: $105,000 Modified Taxable Income: $105,000 Qualified Business Income (QBI): $105,000 Wages to Employees: $60,000 Depreciable Assets: $500,000
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
