Mr. Perry is an unmarried individual with no dependent children. He reports the following information. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table. Wages $ 65,000 Schedule C net profit 11,650 Interest from savings account 500 Self-employment Tax on Schedule C net profit 1,646

A. Assume that Mr. Perrys itemized deductions total $9,000 and his Schedule C net business profit is qualified business income under Section 199A. Compute AGI and taxable income.

B. Assume that Mr. Perrys itemized deductions total $14,000 and his Schedule C net business profit is qualified business income under Section 199A. Compute AGI and taxable income.