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QUESTION 1 Which of the following amounts qualify for the QBI deduction? $200,000 of dividends received from a domestic C-corporation $100,000 of business income from

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QUESTION 1 Which of the following amounts qualify for the QBI deduction? $200,000 of dividends received from a domestic C-corporation $100,000 of business income from a domestic S-corporation $250,000 of wages earned as a domestic employee $150,000 of business income from a German sole proprietorship QUESTION 2 Kelsey owns a floral shop as a single-member LLC. She is a single cash basis, calendar-year taxpayer. For the year, she had the following information: Ordinary income from LLC $200,000 Taxable income $180,000 Modified taxable income $178,000 W-2 wages paid to employees $45,000 Qualified property basis $15,000 SE tax deduction $21,290 IRA contributions $4,000 What is her QBI deduction? $5,111 $30,631 $35,600 $35,742

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