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Answer to Question #85820 in General Chemistry for Suneel Kumar Mishra
Question #85820
Kylie is single and has taxable income of $320,000 of which $130,000 is attributable to her consulting sole proprietorship. She paid W-2 wages to her employees of $75,000. If the threshold amount for 2018 is $157,500, what is Kylie’s qualified business income deduction?
Expert's answer
320000+157500-130000-75000=272500
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