PROBLEMS 1. Andy is an electrician who generates $140,000 in gross income from his sole proprietorship. He incurs $20,000 of expenses in connection with his business. Additionally, Andy earns $2,000 in interest and $3,000 of dividend income during the year from outside investments. Assume Andy is single, claims a standard deduction of $12,000, and has no other tax items for the year. (a) Does Andy qualify to take the 199A deduction and, if so, determine the amount of his deduction. (b) What result if Andy does not operate a sole proprietorship, but instead earns $120,000 of compensation income by performing electrical services as an employee of a general contracting company. (c) Assume the same facts as in (a), above, except that, instead of operating a sole proprietorship, Andy is a 50% owner of an LLC that provides electrical services. The LLC generates $280,000 of revenue and incurs $40,000 of deductible expenses, and allocates all of its profits and losses equally between the two owners.