Assume the same facts as in Problem 33, except that Susans business pays $60,000 of W2 wages

Question:

Assume the same facts as in Problem 33, except that Susan’s business pays $60,000 of W–2 wages and generates $200,000 of qualified business income. Susan also has a part-time job earning wages of $11,000 and receives $3,200 of interest income. What is Susan’s QBI deduction?

Problem 33

Assume the same facts as in Problem 33, except that Susan’s business generates $150,000 of qualified business income. What is Susan’s QBI deduction?

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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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Question Posted: Sep 18, 2019 01:27 PM

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Assume the same facts as in Problem 33, except that Susans business pays $60,000 of W2 wages

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Susans taxable income before the QBI deduction is 202000 her proprietorship net income of 200000 plu...View the full answer

South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

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