Answer:
a) Calculate Roquan’s deduction for qualified business income.
qualified business deduction:
- 20% of qualified business income AND less than 20% of total income
- Since Roquan is a single filer, his AGI cannot exceed $213,300.
Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000
b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.
If you over pay or if you happen to do something and the IRS give you something but it is not normal for the IRS to give
you money
It would actually be an increased production by the business.
Haha, I had to think for a tiny bit and re-check my answer to make sure it was right before giving it. Would hate to see you get it wrong.
Answer:
4.88 years
other methods should be used because payback method does not account for the time value of money
Explanation:
