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Marcia, a single individual, has qualified trade or business income of $240,000. Her business paid $80,000 of W-2 wages this year and has $50,000 of
Marcia, a single individual, has qualified trade or business income of $240,000. Her business paid $80,000 of W-2 wages this year and has $50,000 of tangible business property.
a.) Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $300,000.
b.) Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $180,000.
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