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Susan, a Single Taxpayer, Owns and Operates a Bakery (As

question 34

Essay

Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a specified services business. In 2019, the business pays $60,000 in W-2 wages, has $150,000 of qualified property, and
$200,000 in net income (all of which is qualified business income). Susan also has a part-time job earning wages of
$11,000, receives $3,200 of interest income, and will take the standard deduction. What is Susan's qualified business income deduction?


Definitions:

Facial Expressions

Visual cues on the face that communicate emotional states or reactions to observers.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

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A medical condition involving an excess amount of body fat that increases the risk of health problems.

Adult Americans

Individuals over the age of 18 living in the United States of America, considered legally as adults.

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