Ellie a Single Taxpayer) Is the Owner of ABC, LLC

question 15

Multiple Choice

Ellie a single taxpayer) is the owner of ABC, LLC. The LLC a sole proprietorship) reports QBI of $900,000 and is not a "specified services" business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $30,000. Ellie's taxable income before the QBI deduction is $740,000 this is also her modified taxable income) . What is Ellie's QBI deduction for 2018?

• A) $75,750.
• B) $148,000.
• C) $150,000.
• D) $180,000.

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Definitions:

Productive Cough

A cough that results in the expulsion of mucus or phlegm from the respiratory tract.

Peripheral Intravenous Catheter

A medical device inserted into a peripheral vein, typically in the hand or arm, to administer fluids, medications, or to draw blood.

Catheter-associated

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