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Evan, a single individual, operates a service business that earned $110,000 in 2018. The business...

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Accounting

Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no tangible property and paid no W-2 wages.

  1. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $125,000.
  2. Compute Evan's QBI deduction, assuming his overall taxable income before QBI is $165,000.

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