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Sally, a single taxpayer, owns and operates a hardware store as a sole proprietorship. In 2019, the hardware store has a net income of $100,000.
Sally, a single taxpayer, owns and operates a hardware store as a sole proprietorship. In 2019, the hardware store has a net income of $100,000. Sally also has a dividend income of $2,000 from her investments. How much may Sally claim as her Qualified Business Income (QBI) deduction in 2019?
Group of answer choices
$0
$20,400
$20,000
$17,600
$17,960
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