PART ONE

What is the amount of the Adjusted Gross Income for 2019 tax return? The individual is single. Operate a small business and the records are kept on the cash basis account.

INFORMATION NEEDED BELLOW

Gross Income 600,000

Net Income 123,386

Self Employment Taxes 17,434

Expenses 476,614

Standard deduction 12,200

Estimated Tax Paid 17,400

PART TWO

What is the amount of the Qualified Business Income Deduction?

PART THREE

What is the amount of the Taxable Income?