Business, 16.03.2020 18:01 mrgandollins5222

Haley, a single taxpayer, owns and operates a Cafe (as a sole proprietorship). The business is not a specified services business. In 2019, the business pays $60,000 in W-2 wages, has $150,000 of qualified property, and $200,000 in net income (all of which is qualified business income). Haley also has a part-time job earning wages of $11,000, receives $3,200 of interest income, and will take the standard deduction. What is Haley’s qualified business income deduction?

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Haley, a single taxpayer, owns and operates a Cafe (as a sole proprietorship). The business is not a...

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