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Kipish [7]
3 years ago
12

In 2019, Meghann Carlson, a single taxpayer, has QBI of $129,100 and modified taxable income of $103,280 (this is also her taxab

le income before the QBI deduction). Given this information, what is Meghann's QBI deduction
Business
1 answer:
victus00 [196]3 years ago
3 0

Meghann carlson QBI deduction is = $548,623

Solution:

The qualifying business income exclusion (QBI) referred to as Section 199A requires operators to receive up to 20 percent of their eligible business earnings for a tax deduction. It was implemented in the context of the Tax Cuts and Jobs Act 2017.

Since gross deduction for QBI deduction is set at 20% of lower of QBI ($129,100 ) or Taxable income($103,280)

So the lower is taxable income ,

i.e $103,280 × 20% ( 103,280 × 20÷ 100)

  = 20,656 ( 206.56 )

= $548,623

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Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.

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2 years ago
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It should be noted that money invested is to C. Achieve long-term goals

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5 0
2 years ago
The _____ is the value of the inputs you provide divided by the value of the outcomes you receive in the exchange relationship.
Sav [38]

Answer:

d. input/outcome ratio

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It should be noted that input/outcome ratio is used in the calculation of exchange relationship you received.

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8 0
3 years ago
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scZoUnD [109]

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3 years ago
A commercial building worth $400,000 is insured under a Commercial Property policy for $240,000, and an 80% coinsurance clause a
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