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Margarita, a single taxpayer, operates a sole proprietorship that reports $100,000 of qualified business income after deducting salaries of $300,000 in 2020. The sole proprietorship
Margarita, a single taxpayer, operates a sole proprietorship that reports $100,000 of qualified business income after deducting salaries of $300,000 in 2020. The sole proprietorship is not a specified service business. Assume her taxable income before the QBI deduction is $160,000. Margarita's QBI deduction for 2020 is: Oa. $20,000. Ob. $60,000. Oc. $32,000. Od. $-0
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