Calculate taxpayer qualifying business income deduction

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Problem - Calculate the taxpayer's qualifying business income deduction for a qualified trade or business:

Filing status: Single

Taxable income: $100,000

Net capital gains: $0

Qualified business income (QBI): $30,000

W-2 wages: $10,000

a. $5,000

b. $70,000

c. $20,000

d. $6,000

Reference no: EM132644809

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