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What is his qualified business income deduction

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Reference no: EM132919883

Question - Z operates a framing shop which primarily sells picture frames. He operates the business as an S corporation. He has one part-time employee whom he pays a salary of $30,000. He also draws a salary of $150,000. He owns the building where the shop is located. He purchased it several years ago for $100,000. After taking several years of depreciation, the basis of the property is $70,000. The shop's taxable income for the year was $300,000. What is his qualified business income deduction?

Reference no: EM132919883

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