How much can she claim as a qbi deduction

Reference no: EM133606298

Question: During the current year, Marilyn earned $115,000 as an accounting consultant.

A. If she has no other income besides a $20,000 capital gain, how much can she claim as a QBI deduction (please ignore the 50% self-employment tax deduction)?

B. If she is married and files jointly with her husband, who makes $600,000 a year as an attorney, how much can she claim as a QBI deduction?

Reference no: EM133606298

Questions Cloud

What is the taxable income of the fund : What is the taxable income of the fund and What is the tax payable by the trustee - The audited operating statement for the income year is provided

Identifying students with learning difficulties : It is true that labels are widely used in schools when it comes to identifying students with learning difficulties or behavioral issues.

How would you proceed by using interpretation and reframing : What skills wouid you use to help Katerina clarify her feeiings and resolve her con?ict? How would you proceed by using interpretation and reframing?

Identify the importance of complying with legal and ethical : identify the importance of complying with legal and ethical considerations in the massage clinic. is texting your client outside of work hours considered

How much can she claim as a qbi deduction : If she is married and files jointly with her husband, who makes $600,000 a year as an attorney, how much can she claim as a QBI deduction

Local taxes are deductible for federal tax purposes : Neither state nor local taxes are deductible for federal tax purposes. Both state and local taxes are deductible for federal tax purposes

Why is it important to gain the client consent prior : identify the importance of complying with legal and ethical considerations in the massage clinic. why is it important to gain the client's consent prior

Which cognitive biases are you prone : Which cognitive biases are you prone to? How would this impact you as a manager? What cognitive biases have you experienced from others

What is kenneths qualified business income deduction : He has no itemized deductions and claims the standard deduction of $13,850 on his 2023 Form 1040. What is Kenneth's qualified business income deduction

User Account

All Pages