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Campbell, a single taxpayer, has $95,000 of profits from her general store that she operates as a sole proprietorship. She has no employees, $40,000 of qualified property, and $50,000 of taxable income before the deduction for qualified business income How much is Campbell's deduction for qualified business income? Multiple Choice $95,000 $19,000 $10,000 $0

User G B
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2 Answers

6 votes

Answer:

10000

Step-by-step explanation:

User Dimamah
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1 vote

Answer:

c.) $10,000

Step-by-step explanation:

Her 20% qualified business deduction is limited to 20% of her taxable income before the deduction.

User Chavi
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