taxpayers may claim a deduction for qualified business income? a. A driver for Uber or Lyft. b. A vetenarian operating as an S corporation. In addition to veterinary services, revenues are also derived from the sale of pet food and supplies and from the boarding of animals.  c. A CPA operating as an LLC taxed as a sole proprietorship. The CPA is single and has taxable income of $150,000. d. Same as part(c), except the CPA has taxable income of $200,000 e. A real estate salesperson. f. A pet sitter/ dog walker. g. A sole proprietor software developer. h. An individual wage earner who derives $60,000 of rental income from a duplex she owns.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which of the following taxpayers may claim a deduction for qualified business income?

a. A driver for Uber or Lyft.

b. A vetenarian operating as an S corporation. In addition to veterinary services, revenues are also derived from the sale of pet food and supplies and from the boarding of animals. 

c. A CPA operating as an LLC taxed as a sole proprietorship. The CPA is single and has taxable income of $150,000.

d. Same as part(c), except the CPA has taxable income of $200,000

e. A real estate salesperson.

f. A pet sitter/ dog walker.

g. A sole proprietor software developer.

h. An individual wage earner who derives $60,000 of rental income from a duplex she owns.

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