Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting firm operations as a sole proprietor. Tanuja has QBI from her accounting firm of $540,000, reports W-2 wages of $156,000, and the unadjusted basis of property used in the LLC is $425,000. Tanuja is married and will file a joint tax return with her spouse. Their taxable income before the QBI deduction is $475,000, and their modified taxable income is $448,000. What is Tanuja's QBI deduction for 2019.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting firm ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Colicchio Corporation acquired two inventory items at a lump-sum cost of $60,000. The acquisition included 3,000 units of knife X001, and 3,000 units of knife X002. X001 normally sells for $20 per unit, and X002 for $10 per unit.
Answers (1)
Chong Corporation recently prepared a manufacturing cost budget for an output of 52,000 units, as follows: Direct materials $ 104,000 Direct labor 52,000 Variable overhead 78,000 Fixed overhead 104,000 Actual units produced amounted to 62,000.
Answers (1)
Your company needs a new wireless provider, and you have been assigned to research the alternatives and to determine the new provider. After conducting your research, what kind of report would you most likely write to reveal your results?
Answers (1)
A nation's ability to produce a product more efficiently than another country is referred to as A) globalization. B) foreign trade. C) interdependence. D) comparative advantage
Answers (2)
Which one of the following should be considered prior to initiating surveillance on a subject or target?
Answers (1)
New Questions in Business
The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers =
Answers (1)
1. Why has Disney been successful for so long? 2. What did Michael Eisner do to rejuvenate Disney? Specifically, how did he increase net income in his first four years? 3. What can/should Disney do to grow? 4.
Answers (1)
George and Dan's political consulting firm is losing money, but it is more than covering its variable costs. What is the most accurate statement we can make about it?
Answers (1)
The company or organization identified in Chapter 11, Analytics in Action, is Group of answer choices Centers for Disease Control and Prevention Petrobras Intercontinental Hotels MeadWestvaco Corporation
Answers (1)
Davita Spencer is a manager at Half Dome Asset Management. She can generate an alpha of 2% a year up to $100 million. After that her skills are spread too thin, so she cannot add value, and her alpha is zero.
Answers (1)