An Individual in a Specified Service Business, Such as Accounting

question 63

Multiple Choice

An individual in a specified service business, such as accounting, with taxable income over the threshold amounts ($210,700, or $421,400 if married filing jointly in 2019) , will not lose the QBI deduction on such income if:

• A) Taxable income exceeds the thresholds due to income of a spouse.
• B) Taxable income did not exceed the thresholds in the prior three years.
• C) Taxable income exceeds the thresholds because of net capital gain income.
• D) None of these.

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Definitions:

Interventions

Actions taken to improve a situation or address a problem.

Effectiveness

The degree to which something is successful in producing a desired result or outcome, often measured against predetermined objectives.

Organisational Development

A planned, systematic process aimed at increasing an organization's effectiveness and health through interventions in its processes, structures, and culture.

Diagnosis

The identification of the nature and cause of a certain phenomenon, typically referring to the determination of a medical condition based on symptoms and tests.