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Business, 06.05.2020 00:14 reesespowerade

Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jack's solely owned S corporation. The S corporation paid wages of $100,000 to employees (which does not include his salary). No acquisitions of depreciable property were made during the year.

Calculate the couple's QBI deduction.

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Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jac...

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