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Shemin is a shareholder in a Sub-Chapter S corporation. This year her share of the S corporation business income was $100,000. This is her only
Shemin is a shareholder in a Sub-Chapter S corporation. This year her share of the S corporation business income was $100,000. This is her only business. Her husband had salary of $75,000 from another company. They do not itemize deductions. Her share of the S corporation income income qualifies for the QBI deduction. What is their taxable income for the year? 155,000150,600129,900129,100
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