Suzanne, a single taxpayer, operates a printing business as a sole proprietor. the business has two employees who are paid a total of $90,000 during 2019. assume that the business has no significant assets. during 2019, the business generates $150,000 of income, and suzanne's taxable income before the qbi deduction is $155,000. a. what is suzanne's qualified business income deduction

ANSWER = LOWER OF ABOVE ( i.e. POINT 1 AND 4) = $30,000

Explanation:

1) WE ASSUME THAT SUZANNE'S BUSINESS INCOME IS SAME AS QUALIFIED BUSINESS INCOME (QBI) i.e.$150,000.

CALCULATION OF QBI DEDUCTION:-

1) 20% OF QBI (OR TAXABLE INCOME IF LOWER) = $30,000

{$150000*20% = $30,000)

2)50% OF WAGES ($90,000 * 50%) = $45,000

3) 25% OF WAGES + 2.5% OF ASSETS = $22,500

4) GREATER OF POINT 2 AND 3 = $45,000

ANSWER = LOWER OF ABOVE ( i.e. POINT 1 AND 4) = $30,000

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"