With regard to the limitations of the QBI deduction, which of the following statements is not true?

1)	There are two potential limitations on the QBI deduction once a taxpayer's taxable income reaches certain levels.

2)	There is no limitation on the QBI deduction besides the 20% rule.

3)	The W-2 Wages/Capital Investment Limit can limit the QBI deduction to the greater of 50% of QBT W-2 wages or 25% of QT W-2 wages plus 2.5% of the acquisition basis of tangible depreciable property used in the QTB and not fully depreciated at year end.

4)	All of the above statements are correct.

5)

The QBI deduction is not allowed to certain service industries.

Which of the following statements does not reflect a tax feature of a traditional IRA?

1)	A taxpayer is NOT allowed an above-the-line deduction in the year a contribution is made.

2)	Income earned in the traditional IRA is not taxed in the year it is earned and held in the IRA.

3)	All of the above statements are true with regard to a traditional IRA.

4)	Income earned in the traditional IRA is taxed when the taxpayer receives a distribution.

5)	A taxpayer is allowed an above-the-line deduction in the year a contribution is made.