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Compute marcia qbi deduction

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Reference no: EM133122531

Question - Marcia, a single individual, has qualified trade or business income after all applicable deductions of $240,000. Her business paid $80,000 of W-2 wages this year and has $50,000 of tangible business property.

Required -

a. Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $300,000.

b. Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $180,000.

Reference no: EM133122531

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