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Question 19 (3.1 points) Saved FICA tax is made up of Social Security tax at 6.2% and Medicare tax of 1.45%. Medicare continues for all

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Question 19 (3.1 points) Saved FICA tax is made up of Social Security tax at 6.2% and Medicare tax of 1.45%. Medicare continues for all eared income. For 2019, Social Security tax, however, stops at which wage base? $128,400 $132.900 $156,000 $244.000 Question 18 (3.1 points) Saved Which of the following income types can be included in Qualified Business Income Deduction (QBID) Schedule C Self-Employment Income Schedule E Sub-Chapter 5 K-1 Active Income Schedule E General Partnership K-1 income All of the above can be included in QBID Question 17 (3.1 points) Saved What is the maximum amount of 2020 Sec. 179 depreciation a company may expense? $2,550,000 $3,570,000 $1,040,000 $1,000,000 Question 14 (3.1 points) Saved Tax Form 1099-OID (original issue discount) income received by a taxpayer represents the of a bond purchased below face value. This interest is reportable income, even though it was not actually received. amortized discount premium amortization zero-interest fair market value Question 15 (3.1 points) Saved Medical expenses are recorded on Form 1040 Schedule limitation of _ % for 2020? subject to a B, 10 A. 7.5 O A, 10 O E, 7.5

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