Jenna Parker Owns and Manages Her Single Member LLC Which

question 40

Multiple Choice

Jenna Parker owns and manages her single member LLC which provides a wide variety of financial services to her clients.She is married and will file a joint tax return with her spouse, Paul.Her LLC reports $300,000 of net income, W-2 wages of $120,000, and assets with an unadjusted basis of $75,000.Their taxable income before the QBI deduction is $285.000 (this is also their modified taxable income) .What is their QBI deduction for 2018?

• A) $-0-.
• B) $57,000.
• C) $60,000.
• D) $70,000.
• E) None of the above.

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Definitions:

Blood Culture

A diagnostic test involving the cultivation of blood samples to detect and identify bacteria or fungi present in the bloodstream.

Antipyretic Medication

Drugs specifically designed to lower fever by acting on the heat-regulating center in the brain, similar to but distinct in formulation from other fever-reducing agents.

Causative Organism

A term referring to the specific microorganism, such as bacteria or virus, that causes a disease.

Sphygmomanometer

A device used to measure blood pressure, consisting of an inflatable cuff to restrict blood flow and a mercury or aneroid manometer to gauge the pressure.