Question
Rachel operates a sole proprietorship that earns $ 200,000 of qualified business income after deducting salaries of$ 60,000. The sole proprietorship is not a specified
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Rachel operates a sole proprietorship that earns $ 200,000 of qualified business income after deducting salaries of$ 60,000. The sole proprietorship is not a specified service business. She files a single tax return for 2020. Assume her taxable income before the QBI deduction is$ 230,000. Rachel's QBI deduction for 2020 is:
| a. | $-0-. |
| b. | $30,000. |
| C. | $35,000. |
| d. | $46,000. |
| e. | $ 52.000. |
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Issues In Management Accounting
Authors: David Ashton
2nd Edition
0131892509, 978-0131892507
