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