Tanner, a single taxpayer, has taxable income before the QBI deduction of $190,700. Tanner, a lawyer, operates a law practice as a single member LLC (which he reports as a sole proprietorship). During 2020, his proprietorship reports net income of $160,000, W-2 wages of $125,000, and $10,000 of qualified property. What is Tanner's qualified business income deduction?<\/p>
Group of answer choices:<\/p>
<\/p>
$0<\/p>
<\/p>
a) $28,250<\/p>
<\/p>
b) None of these answers are correct<\/p>
<\/p>
c) $14,238<\/p>
<\/p>
d) $32,000<\/p>
<\/p>
e) $14,464<\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting", "isbn": "1118334329, 978-1118334324", "edition": "9th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64b933c63095c_277.jpg", "uri": "\/textbooks\/financial-accounting-9th-edition-277", "see_more_uri": "" }, "free_related_book": { "isbn": "3639715357", "uri": "\/textbooks\/trends-and-challenges-in-entrepreneurship-and-business-1st-edition-9783639715354-387997", "name": "Trends And Challenges In Entrepreneurship And Business", "edition": "1st Edition" }, "question_posted": "2024-06-17 12:26:16", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/to-get-idea-how-big-farad-is-suppose", "description": "To get an idea how big a farad is, suppose you want to make a 1-F air-filled parallel-plate capacitor for a circuit you are building. To make it a reasonable size, suppose you limit the plate area to...", "stars": 3 }, { "url": "\/study-help\/retail-marketing\/ethics-you-learned-that-puffery-occurs-when-an-ad-makes-1583787", "description": "Ethics You learned that puffery occurs when an ad makes claims about a product in advertising that cannot be proven true or untrue. Find and describe some examples of puffery in a magazine, online,...", "stars": 3 }, { "url": "\/study-help\/psychology\/why-do-some-individuals-confess-to-a-crime-they-did-1980836", "description": "Why do some individuals confess to a crime they did not commit?", "stars": 3 }, { "url": "\/1-does-repatriation-represent-a-good-financial-strategy-for-firms", "description": "1. Does repatriation represent a good financial strategy for firms with international employees? 2. Besides cost savings, does i2 have anything to gain by repatriating its Indian employees? In an...", "stars": 3 }, { "url": "\/study-help\/questions\/write-a-program-that-plots-two-functions-f0-72-9766468", "description": "Write a program that plots two functions: f(0) = 72 and g(x) = ax. Write it in such a way that the intersection points are marked with an X, for arbitrary a. . You may use your favorite ready-made...", "stars": 3 }, { "url": "\/study-help\/questions\/jasper-inc-acquired-three-patents-in-january-20x4-the-patents-6780486", "description": "Jasper Inc. acquired three patents in January 20x4. The patents have different lives, as indicated in the following schedule: Cost Estimated useful life Remaining legal life Patent A $15,500 10 years...", "stars": 3 }, { "url": "\/study-help\/questions\/how-is-the-target-breach-different-from-the-tj-maxx-5253762", "description": "How is the Target breach different from the TJ Maxx breach? How would you have approached those, knowing what you know now?", "stars": 3 }, { "url": "\/study-help\/questions\/a-piminus-particle-which-has-charge-e-5367952", "description": "A _ (\"pi-minus\") particle, which has charge _ e , is at location5.0010 -9 ,-2.0010 -9 ,-7.0010 -9 m. What is the electric field at location m, due to the _ particle? = An antiproton (same mass as the...", "stars": 3 }, { "url": "\/study-help\/questions\/assume-the-taxpayer-does-not-wish-to-contribute-to-the-5533736", "description": "Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise...", "stars": 3 }, { "url": "\/study-help\/questions\/1you-decided-to-sell-treasury-bill-futures-contracts-with-a-1067030", "description": "1.You decided to sell Treasury bill futures contracts with a quoted price was 92-50. When you close this position, the quoted price was 91-75. Determine the profit or loss per contract, ignoring...", "stars": 3 }, { "url": "\/study-help\/questions\/dbc-tdabc-and-abc-the-bienestar-cardiology-clinic-has-two-5479557", "description": "DBC, TDABC, and ABC The Bienestar Cardiology Clinic has two major activities: diagnostic and treatment. The two activities use four resources: nursing, medical technicians, cardiologists, and...", "stars": 3 }, { "url": "\/study-help\/questions\/la-rueda-giratoria-de-radio-60-metros-llamada-london-eye-3831091", "description": "La rueda giratoria de radio 60 metros llamada London Eye es una de las principales atracciones de la ciudad de Londres en el Reino Unido. La rueda tarda aproximadamente 30 minutos en realizar una...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/chi-square-was-used-to-test-the-relationship-between-area-3190368", "next": "\/study-help\/questions\/the-bond-indenture-may-provide-that-funds-for-the-payment-3190370" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Tanner, a single taxpayer, has taxable income before the QBI deduction of", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/tanner-a-single-taxpayer-has-taxable-income-before-the-qbi-3190369" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }" } }