Question
Noah (single) is an owner in NEA LLC (taxed as a partnership). Noah works half time for NEA and receives guaranteed payment of $13,640. NEA
Noah (single) is an owner in NEA LLC (taxed as a partnership). Noah works half time for NEA and receives guaranteed payment of $13,640. NEA LLC reported that Noah's share of business income for the vear (2023) was $87.040.
Assuming the guaranteed payment is not considered qualified business income, what is Noah's qualified business income deduction?
CORRECT ANSWER IS 16,178 (show steps on how to get it)
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
