The practical impact of the Qualified Business Income deduction is that: Select one: Question 3 Not yet answered Points out of 3.00 Remove flag a. Certain expenses may be deducted even if a taxpayer is not currently "carrying on" a trade or business O b. Doctors with extremely high incomes may be subject to a tax rate on their labor income that is less than the rate incurred by their lower-paid administrative assistants O c. The capital gain tax rate imposed on low-income business owners is decreased by 20% d. The ordinary tax rates imposed on business income are less than the rates imposed on ordinary investment income Previous page Next page