Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has no tangible property and paid no W-2 wages. Required: a. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $125,000. b. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,00O. Complete this question by entering your answers in the tabs below. Required A Required B Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000. (Round your intermediate computations and final answers to the nearest whole dollar value.) QBI deduction < Required A Required B <>
Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has no tangible property and paid no W-2 wages. Required: a. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $125,000. b. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,00O. Complete this question by entering your answers in the tabs below. Required A Required B Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000. (Round your intermediate computations and final answers to the nearest whole dollar value.) QBI deduction < Required A Required B <>
Chapter15: Taxing Business Income
Section: Chapter Questions
Problem 34P
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Question
Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has no tangible property and paid no W-2 wages.
Required:
b. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000.
* I only need Requirement B to be solved
Transcribed Image Text:Evan, a single individual, operates a service business that earned $110,000 (after all applicable deductions) in 2021. The business has
no tangible property and paid no W-2 wages.
Required:
a. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $125,000.
b. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,00O.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $175,000. (Round your intermediate
computations and final answers to the nearest whole dollar value.)
QBI deduction
< Required A
Required B >
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