Annika has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship). Her proprietorship paid $30,000 in W-2 wages and has $20,000 of qualified property. Annika's spouse earned $50,000 of wages as an employee, they earned $20,000 of interest income during the year, and they will be filing jointly. What is their QBI deduction for 2023? O $0. O $40,000 O $50,000. $54,000.
Annika has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship). Her proprietorship paid $30,000 in W-2 wages and has $20,000 of qualified property. Annika's spouse earned $50,000 of wages as an employee, they earned $20,000 of interest income during the year, and they will be filing jointly. What is their QBI deduction for 2023? O $0. O $40,000 O $50,000. $54,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Annika has $200,000 of QB1 from her neighborhood clothing store (a sole proprietorship). Her proprietorship paid
$30,000 in W-2 wages and has $20,000 of qualified property. Annika's spouse cared $50,000 of wages as an
employee, they earned $20,000 of interest income during the year, and they will be filing jointly. What is their QBI
deduction for 2023?
50.
$40,000.
O $50,000.
O $54,000.
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