Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625 $7,500 $12,000 $32,980
Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625 $7,500 $12,000 $32,980
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 8P
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Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any
He had $15,000 of qualified wages and $35,000 of qualifying property.
$4,625
$7,500
$12,000
$32,980
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