8. Calculate the taxpayers 2021 qualified business income deduction for a qualified trade or business: Filing status:
Question:
8. Calculate the taxpayer’s 2021 qualified business income deduction for a qualified trade or business:
Filing status: Single Taxable income: $100,000 Net capital gains: $0 Qualified business income (QBI): $30,000 W–2 wages: $10,000
a. $5,000
b. $70,000
c. $20,000
d. $6,000
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Related Book For
Essentials Of Taxation Individuals And Business Entities
ISBN: 233160
1st Edition
Authors: Nellen/Young/Raabe/Maloney
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