Question
Ted is single and owns 40% of the XYZ partnership. The partnership has $200,000 of qualified business income and $60,000 of W-2 wages. What is
Ted is single and owns 40% of the XYZ partnership. The partnership has $200,000 of qualified business income and $60,000 of W-2 wages. What is Teds qualified business income deduction if his taxable income is $500,000?
a. $12,000.
b. $16,000.
c. $30,000.
d. $40,000.
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Global Financial Systems Stability And Risk
Authors: Jon Danielsson
1st Edition
0273774662, 9780273774662
