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:

Successively Less

Refers to a situation or process where there is a gradual decrease in quantity, quality, or intensity over time.

Satisfaction

A measure of how goods, services, or outcomes meet or exceed expectations, often related to customer or user experience.

Land Market

The input/factor market in which households supply land or other real property in exchange for rent.

Rent

A payment made for the temporary use of a good, service, or property owned by another.