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Lana and Luke are married and have a taxable income of $305.000. Their share of the income from an accounting partnership is $250,000. The accounting
Lana and Luke are married and have a taxable income of $305.000. Their share of the income from an accounting partnership is $250,000. The accounting partnership pays a total of $90,000 in W-2 wages. Under Sec. 199A, what is their allowable qualified business income deduction for the partnership?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
