Question $6$

$5$ pts

Which of the following statements about the deduction for qualified business income are accurate? $q,$

Qualified business income refers to ordinary income less ordinary deductions from a qualified trade or business. $q,$

A qualified trade or business usually excludes services of doctors, lawyers and CPA's.

The deduction is determined by multiplying $20\%$ by the lesser of qualified business income or taxable income befols the qualified business income deduction and reduced by any net capital gain. $q,$

If taxable income is too great, the deduction is subject to a limitation$.$

$q,$

All of the statements are accurate.