70.2K
Verified Solution
Link Copied!
A sole proprietor may be eligible for?
A deduction of up to 20% of gross income from all sources
A deduction of up to 20% of qualified business income
A more favorable tax rate of 0%, 15%, or 20% on net profit from the business
A flat corporate tax rate of 21% on the net profit from the business
Answer & Explanation
Solved by verified expert