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of $75000. How much is Meghan's 2021 QBI deducation?

of $75000. How much is Meghan's 2021 QBI deducation?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sir please help me sir urgently

Accounting in 2021, Meghan Johnson, a single taxpayer, reports QBI of $110,000 from her schedule C, and taxable income before the QBI deducation of $75000. How much is Meghan's 2021 QBI deducation?
Transcribed Image Text:Accounting in 2021, Meghan Johnson, a single taxpayer, reports QBI of $110,000 from her schedule C, and taxable income before the QBI deducation of $75000. How much is Meghan's 2021 QBI deducation?
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