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Keiji Jones is the owner of a small retail business operated as a sole proprietorship. During 2 0 2 2 , his business recorded the
Keiji Jones is the owner of a small retail business operated as a sole proprietorship. During his business recorded the following
items of income and expense:
Required:
a Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in Keiji's Form
b Compute selfemployment tax payable on the earnings of Keiji's sole proprietorship by completing a Schedule SE Form
c Assume that Keiji's business is not a service business, and that it has $ unadjusted basis in tangible depreciable property.
Calculate Keiji's QBI deduction, before any overall taxable income limitation
Complete this question by entering your answers in the tabs below.
Assume that Keiji's business is not a service business, and that it has $ unadjusted basis in tangible depreciable
property. Calculate Keiji's QBI deduction, before any overall taxable income limitation
Note: Round your intermediate computations and final answers to the nearest whole dollar value.
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