Problem 2 QTB: limitations MFJ 315k ,all others 157,500 Sam, MFJ, operates a candy store as a sole proprietor, the business has no employees (sanm provides all the services to customers). During 2018, the net income of Sam's business amount to $210k. Sam 's AGI si $274k which includes wages earned by his spouse but no other income. He and Ana (spouse) claim the STD $24k What is Sam modified taxable income? how much is Sam's qualified business income deduction? What is Sam's taxable income? Now, Assumed that Sam is Single and does not itemize and operates a sole proprietorship. Sam's business generate 140k business income and $40k deductible business expense, and 2k of interest income from his business deposits. Sam's AGl is 102k What is sam Qualified Business Income ?What is his modified taxable income? what is Sam qualified business income deduction? what is sam taxable income