Question
Tom and Jerry are MFJ in 2022. Their taxable income before QBI deduction is $500,000, and they have $400,000 in QBI from the restaurant they
Tom and Jerry are MFJ in 2022. Their taxable income before QBI deduction is $500,000, and they have\ $400,000 in QBI from the restaurant they own. They paid their 4 employees $150,000 in W-2 wages. They own\ the building in which the restaurant is located. They bought it 4 years ago for $600,000, and the land was worth\ $100,000.\ What is their QBI deduction?
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
