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Question 1 0/0 pts Mindy establishes a sole proprietorship to perform investment advising services. Her qualified business income (QBI) for the year is $21,584.
Question 1 0/0 pts Mindy establishes a sole proprietorship to perform investment advising services. Her qualified business income (QBI) for the year is $21,584. She reports $159,320 of adjusted gross income and $20,756 of itemized deductions. Assume that Mindy is single, and recall that the standard deduction for single taxpayers is $12,400. Also remember that the taxable income income (before QBI deduction) thresholds for specified service trades and businesses are $163,300 for single filers and $326,600 I for married filing jointly. What is her deduction for QBI? Round your answer to the nearest whole dollar, if applicable. You Answered 0 Correct Answer 4,317
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