OOOO O00 Qualified Business Income Deduction and Form 8995 Question 14 of 100. Ordinary taxable income for QBI deduction refers to Taxable income plus net capital gains and qualified dividends of the taxpayer Taxable income minus net capital gains and qualified dividends of the taxpayer AGI plus net capital gains and qualified dividends of the taxpayer AGI minus net capital gains and qualified dividends of the taxpayer Mark for follow up Question 15 of 100. For taxpayers whose taxable income exceeds the QBI threshold plus $50,000 ($100,000 MFJ), their QBI deduction is limited to 20% of qualified business income The sum of 50% of total wages paid by the business to its employees 25% of total wages paid plus 2.5% of the unadjusted basis of depreciable property The lesser of 20% of QBl ; or the greater of: 50% of total wages paid, or 25 % or total wages paid plus 2.5 % of the unadjusted basis of depreciable property Mark for follow up Question 16 of 100. Foreign income not effectively connected with the conduct of a trade or business within the Unted States Income received as services performed as an employee. Which of the following defines qualified business income (QBI)? Net amount of qualified items of income, gain, deductions, and losses from a qualified trade or business Mark for follow up Investment items such as capital gains or losses, dividends, or interest income