Campbell, a Single Taxpayer, Has $95,000 of Profits from Her

question 30

Multiple Choice

Campbell, a single taxpayer, has $95,000 of profits from her general store, which she operates as a sole proprietorship.She has no employees, $40,000 of qualified property, and $50,000 of taxable income before the deduction for qualified business income.How much is Campbell's deduction for qualified business income?

• A)$95,000.
• B)$19,000.
• C)$10,000.
• D)$8,000.
• E)$0.

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Definitions:

Learning-Oriented Goals

The aims or objectives set to acquire new skills or knowledge, focusing on the process of learning rather than the end result.

Ability-Based Attributions

Attributing someone's behavior or performance to their inherent capabilities or skills rather than external factors.

Correspondent Inference

A theory suggesting that people infer a correspondent disposition or personality trait from an observed behavior that is freely chosen and leads to distinctive results.

Entity Mind-Set

An outlook where abilities are viewed as fixed and unchangeable traits, influencing motivation and approach to challenges.