Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Qualified Business Income deduction (QBI) The Qualified Businees Income deduction (QBI) is TABLE 6 A-1 General Depreciation System: 200% or 150% Declining Balance Switching to

image text in transcribed
image text in transcribed
image text in transcribed
Qualified Business Income deduction (QBI) The Qualified Businees Income deduction (QBI) is TABLE 6 A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & Half-Y & Tear Convention & 4 & & \\ \hline Recovery Year & 3-Year & 5-Year & 7-Year & 10-Year & 15-Year & 20-Year \\ \hline 1 & 33.33 & 20.00 & 14.29 & 10.00 & 5.00 & 3.750 \\ \hline 2 & 44.45 & 32.00 & 24.49 & 1800 & 9.50 & 7.219 \\ \hline & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.677 \\ \hline 4 & 7.41 & 11.52 & 1249 & 11.52 & 7.70 & 6.177 \\ \hline 5 & & 11.52 & 893 & 9.22 & 6.93 & 5.713 \\ \hline 6 & & 5.76 & 892 & \begin{tabular}{|l|} 7.37 \\ \end{tabular} & 6.23 & 5.285 \\ \hline 7 & & & 8.93 & 6.55 & 5.90 & 4.888 \\ \hline & & & 4.46 & 6.55 & 5.90 & 4.522 \\ \hline & & & & 6.56 & 591 & 4.462 \\ \hline 10 & & & & \begin{tabular}{r} 6.55 \\ \end{tabular} & 590 & 4.461 \\ \hline 11 & & & 100 & 3.28 & 591 & 4.462 \\ \hline 12 & & & H & & 5.90 & 4.461 \\ \hline 13 & & & & & 591 & 4.462 \\ \hline 14 & Hente & & & & 590 & 4.461 \\ \hline 15 & & & & & 591 & 4.462 \\ \hline 16 & & III & & & 295 & 4.461 \\ \hline 17 & & 12 & 7 & & - & 4.462 \\ \hline 18 & \begin{tabular}{|l|l|} Whathin \\ \end{tabular} & & 7 & & & 4461 \\ \hline 19 & & & & \begin{tabular}{|c|c|} x+212 \\ \end{tabular} & & 4.462 \\ \hline & & & & & xx & 4.461 \\ \hline 21 & & & & & & 2231 \\ \hline 687 . & ness prop & & din service & r.198s. See Table & & 57,19872 \\ \hline \end{tabular} Cassi (SSN 412-34-5670) has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a business risk appraoch

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

6th Edition

9780324645095, 324645090, 978-0324375589

More Books

Students also viewed these Accounting questions

Question

Know how to find a consultant

Answered: 1 week ago