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T, a single taxpayer, operate a sole proprietorship that is not a Specified Service Trade or Business. For the taxable year, T earns $90,000 in
T, a single taxpayer, operate a sole proprietorship that is not a Specified Service Trade or Business. For the taxable year, T earns $90,000 in business income and incurs $35,000 in fully deductible business expenses (all W-2 wages paid to employees). In addition to the business income, T earns $7,500 in qualified dividends. Determine the amount of any Qualified Business Income Deduction to which T is entitled.
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