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Which of the following is a true statement as it pertains to the 20 percent deduction for qualified business income? Multiple Choice The deduction is

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Which of the following is a true statement as it pertains to the 20 percent deduction for qualified business income? Multiple Choice The deduction is subject to a taxable income limitation All of the choices are true The deduction applies to income from a partnership, corporation or sole proprietorship The deduction is subject to a wage limitation Generally, service businesses are not eligible for the deduction (unless the taxpayer's income is below a threshold amount)

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