Loren is Single and drives for Uber in addition to her regular job (W2). After expenses, her net income on Schedule C is $10,000. Her W2 shows $60,000 in earnings. She also paid $1,000 during the year for self-employed health insurance and has no capital gains. Her SE tax is \$1.413. What is her QBI deduction on line 13 of Form 1040 ? (Round if necessary) $1,859 $1,659 $1,200 $1,677 Doris is Single and has taxable wages of $80.000; she also owns two rental properties. She had rented these properties for a net loss in 2021. The first rental house collected $9,000 in rent and paid $13.000 in expenses. The second rental house collected $10.000 in rent and paid $11,000 in expenses. Which of the following is true regarding the taxpayer's QBI deduction? QBI is $0. QBI is $19,000. QBI is $5,000. Doris does not qualify for a QBI deduction because her income is above the threshold. Which of the following statements regarding refundable and nonrefundable credits is not correct? Refundable credits, such as the Earned Income Credit and part of Education Credits, are funds completely refunded to the taxpayer. Nonrefundable credits reduce the taxpayer's tax liability, and refundable credits increase the federal tax payments. Nonrefundable credits include the Child and Dependent Care Credit. An example of a refundable credit is the Health Coverage Tax Credit and the Additional Child Tax Credit. In general, which of the following activities do not need to be reconciled when preparing a 2021 Form 1040 ? Child Tax Credit Payments. Economic Impact Payments (EIP-3). Premium Tax Credit. Unemployment benefits received during the 2021 tax year. Which of the following statements regarding the Alternative Minimum Tax (AMT) under the TCJA is correct? The AMT is eliminated for all taxpayers in 2021. The income level at which the exemption is phased-out has increased in 2021. Employees who report passive activities may be subject to the AMT. The preference items for the AMT have not changed between 2018-2025