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18 April, 13:09

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

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  1. 18 April, 16:40
    0
    c.) $10,000

    Explanation:

    Her 20% qualified business deduction is limited to 20% of her taxable income before the deduction.
  2. 18 April, 16:42
    0
    10000
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