Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jose is married filing a joint return. in 2022, he

Jose is married filing a joint return. In 2022, he earned $160,000 of profit from...

80.2K

Verified Solution

Question

Accounting

Jose is married filing a joint return. In 2022, he earned $160,000 of profit from his sole proprietorship, which operates a service business. The business paid no W-2 wages in 2022 and owns no tangible business property. Compute Joses allowable QBI deduction if his joint return includes his spouse's salary and reflects taxable income of $300,000 before the deduction.

Correct answer: $29,749

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Temperature controlled 1. INTRODUCTION 1.1 Background of the Study

Electrical Engineering
Q

write a professional memorandum per topic. ( sales and operation planning, inventory control system to determine demand,...

General Management
Q

Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to the...

Accounting
Q

Actin assembly in vitroO a. Requires addition of actin oligomers termed nucleiO b. Requires ATP...

Biology
Q

You have prepared a smear and stained it with crystal violet Everything is fine until...

Biology
Q

A rare decay mode has been observed in which Ra emits a ?C nucleus.a. The...

Physics
Q

7 87 Water flows through a tube shown in figure 7 134 The areas of...

Physics
Q

Let T: P?->P?, be the linear transformation such thatT(2x) = -2x + 3x. T(-0.5x...

Basic Math
Q

Details of a company's inventory balances for January: January 1 Work-in-Process Inventory $100,000...

Accounting
Q

an order is received. Selected thancial information for both comparies from recent financial tatements follows...

Accounting
Q

III. Problem 2, Total Marks: 15 Marks You are the marketing manager of...

Accounting
Q

Profit Margin % & MSRP Omegas Variable Cost of a watch = $2,500 If Omega...

Accounting