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please help with this problem. Thank you Kenneth, single, is the sole shareholder of Kenneth's Tool and Dye, Inc., a tool and dye manufacturing company
please help with this problem. Thank you
Kenneth, single, is the sole shareholder of Kenneth's Tool and Dye, Inc., a tool and dye manufacturing company operating as an S corporation. Kenneth reports qualified business income of $117,300 and he has no employees. He also has qualified dividend income of $4,500. He has no itemized deductions and claims the standard deduction of $13,850 on his 2023 Form 1040 . What is Kenneth's qualified business income deductionStep by Step Solution
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