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Please fill in the ? QBI Calculation Rules: The amount of the deduction is limited to 50% of W-2 wages, or 20% of the S

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QBI Calculation Rules: The amount of the deduction is limited to 50% of W-2 wages, or 20% of the S Corp's net income whichever lower

S Corp
3/31/21
Current income $ 1,500,000
Operating expense without W-2 Wages 50,000
Optimal W-2 Wages ?
Net Profit ?
50% of Wages ?
S Corp Income Allocated to Shareholder:
Qualified Business Income ?
QBID @ 20% ?
Total Taxable S-Corp Income ?

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